Alipay

All news and posts of our editorial team on the topic

Alipay gains new partner in Germany
Alipay+ (支付宝 zhīfùbǎo) has partnered with the German drugstore chain Mueller. This means that from now on customers will be able to pay for their purchases via the digital payment service of the Chinese Ant Group. Ant Group is a subsidiary of the Chinese group Alibaba. Alipay is the leading payment service in China with […] continue reading →
Should Alipay be broken up?
According to a report by Financial Times, authorities want to break up fintech group Ant Group’s payment service Alipay and create a separate platform for the company’s credit business. Ant is also expected to hand over all collected user data for customer credit assessments to a new joint venture that also involves two state-owned companies, […] continue reading →
Market launch for Douyin Pay
Tencent's WeChat Pay and Alibaba's subsidiary Alipay dominate the market for digital payment systems in China. Now Douyin, the Chinese version of TikTok, tries to shake up the market with its own e-wallet. The payment service will be launched at the Chinese television's New Year's Gala, the gala with the most worldwide viewers. This is in the interest of the Chinese government, which wants to prevent too much power concentration of individual providers in financial services. continue reading →