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Alibaba, Tencent and other tech companies battle for market domination amid rapidly-changing consumer demand

Mar 26, 2020 03:48 PM EDT

Experts in the digital services sector in China discussed how Alibaba, Tencent, Metuan, Baidu and other tech companies battle for market domination amid rapidly-changing consumer demand.

Clinton Global Initiative 2015 Annual Meeting - Day 4

Alibaba's Jack Ma is now China's Richest Man, Surpasses Wanda's Wang Jianlin: Forbes

Charissa Echavez |

May 15, 2017 03:16 PM EDT

Alibaba's Jack Ma has surpassed Wanda Group Chairman Wang Jianlin as the richest man in China, according to estimates by Forbes.

Alibaba's partnership with Indonesia's Emtek signifies another global expansion for the Chinese giant company.

Alibaba's Ant Financial Forms Partnership with Indonesia's Emtek

Ellie Froilan |

Apr 14, 2017 05:41 AM EDT

Alibaba's payment affiliate Ant Financial Services has formed partnership with Indonesia's Emtek Group.

Alipay has more than 450 million active Chinese users.

Alipay Becomes Available in Italy with UniCredit Partnership

Ellie Froilan |

Apr 07, 2017 06:08 AM EDT

Alipay has formed a new partnership with Italy's UniCredit to make the Chinese payment service available in the European country.

Alibaba has raised $18 million funding for WayRay to develop AR tech in cars.

Alibaba Invests in Augmented Reality Navigation for Cars

Ellie Froilan |

Mar 16, 2017 04:59 AM EDT

Alibaba has announced its latest investment to Swiss augmented reality developer WayRay.

Wanda Group and China's UnionPay will expand customer service channels together. (YouTube)

Wanda Group Joins China's UnionPay for Mobile Payment System Expansion

Ellie Froilan |

Mar 06, 2017 04:36 AM EST

Dalian Wanda Group and China UnionPay have formed a strategic partnership to integrate its offline and online resources.

Alibaba-backed Paytm has Android app called Paytm Mall for online shopping.

Alibaba Officially Enters India With Paytm Mall Launch

Ellie Froilan |

Feb 27, 2017 09:56 AM EST

Alibaba has entered India officially by launching Paytm's mobile app and online shopping portal called Paytm Mall to compete with Flipkart and Amazon.

Third-party mobile payments in China reached $5.5 trillion in 2016.

China's Mobile Payment Industry More than Tripled to $5.5 Trillion in 2016

Prei Dy |

Feb 26, 2017 02:01 AM EST

China's booming mobile payment network more than tripled to a staggering 38 trillion yuan ($5.5 trillion) in 2016, state media People's Daily reported on Saturday.

Ant Financial will invest $200 million in Kakao Pay, a mobile payment solution of Kakao.

Alibaba's Ant Financial Invests $200M in South Korea's Kakao Pay

Ellie Froilan |

Feb 22, 2017 06:00 AM EST

Alibaba’s financial services affiliate Ant Financial has announced its investment in South Korean messaging giant Kakao.

Mattel and Alibaba's first set of toy products will be available starting mid-2017.

Mattel Joins Alibaba to Develop Educational Toys for Chinese Consumers

Ellie Froilan |

Feb 15, 2017 12:35 AM EST

Mattel has formed a strategic partnership with e-commerce giant Alibaba to develop new toys designed for the Chinese marketplace.

Alibaba prefers areas in India with connectivity problem to offer free internet.

Alibaba to Offer Free Internet in India

Ellie Froilan |

Feb 08, 2017 02:17 AM EST

Alibaba has a plan to provide affordable data services and even internet in India, partnering with telecom operators as well as Wi-Fi providers in the country.

Alibaba's Melbourne office will support 1,300 Australian and 400 New Zealand businesses.

Alibaba Opens Melbourne Office for Global Expansion

Ellie Froilan |

Feb 06, 2017 11:11 PM EST

Alibaba Group Holding Limited has opened its first Australian and New Zealand (ANZ) headquarters in Australia's Melbourne, marking another worldwide expansion of the Chinese e-commerce giant.

Jack Ma Foundation to be Australian University’s Largest Donor

Jenia Cane |

Feb 05, 2017 04:43 PM EST

China's Jack Ma Foundation is set to become the largest donor to an Australian university.

Ant Financial's MoneyGram acquisition is the second and biggest acquisition of the company in the United States.

Ant Financial Acquires U.S. MoneyGram for $880M

Ellie Froilan |

Jan 30, 2017 03:52 AM EST

Ant Financial Services Group has announced its acquisition of MoneyGram International in a deal valued at $880 million.

Jack Ma has praised Trump saying he is a

Jack Ma Predicts Uncertain Times for China's Economy, Praises Trump

mwaniki wanjiku |

Jan 28, 2017 03:34 PM EST

Alibaba executive chairman Jack Ma has said that China's short-term economic outlook will be tougher than expected, and that trade friction with the United States was inevitable.