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Ant Group

DBS launches treasury tokens with Ant International for cross-border liquidity management

by Anas Siddiqui
DBS launches treasury tokens with Ant International for cross-border liquidity management

DBS, Singapore’s largest banking group, has launched a treasury token pilot project with Ant International to improve cross-border treasury and liquidity management. The project, which operates on DBS’ permissioned blockchain, …

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Tech war: Huawei sees HarmonyOS breaking the dominance of Android and Apple’s iOS in China

by Anas Siddiqui
Tech war: Huawei sees HarmonyOS breaking the dominance of Android and Apple’s iOS in China

That iteration, called HarmonyOS Next, will be a “China-originated, independent and controllable” operating system, Richard Yu Chengdong, chairman of Huawei’s consumer business group, said at the company’s developer conference on …

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Huawei’s HarmonyOS gears up for faster expansion on back of major apps WeChat and Douyin

by Anas Siddiqui
Huawei’s HarmonyOS gears up for faster expansion on back of major apps WeChat and Douyin

Shenzhen-based Huawei is close to reaching a deal with Tencent to make its super app WeChat fully operational on HarmonyOS without sharing any revenue, according to a report by Bloomberg …

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From Alibaba to BYD, Chinese sponsors jostle for attention at Euro 2024 football tournament

by Walter Watson
From Alibaba to BYD, Chinese sponsors jostle for attention at Euro 2024 football tournament

Chinese technology brands from Alibaba Group Holding to BYD make up a third of Euro 2024 football tournament’s 13 worldwide sponsors, an example of their growing global footprint and commitment …

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Ant Group’s US$2.9 billion tech investment helps fintech giant reach ESG goals

by Anas Siddiqui
Ant Group’s US.9 billion tech investment helps fintech giant reach ESG goals

Ant Group invested 21.2 billion yuan (US$2.9 billion) in technology last year, including artificial intelligence (AI), to drive innovation for consumers, small and micro enterprises and partners, according to the …

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Alipay deploys AI to test for hair loss as payment app pushes further into users’ lives

by Ron Morgan
Alipay deploys AI to test for hair loss as payment app pushes further into users’ lives

Alipay, the ubiquitous Chinese mobile payment service operated by Ant Group, has added a hair loss testing feature that uses artificial intelligence (AI) in its latest effort to push further …

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Balenciaga teams with Alipay on US$650 T-shirt, prompting social media ridicule

by Anas Siddiqui
Balenciaga teams with Alipay on US0 T-shirt, prompting social media ridicule

Spanish luxury fashion brand Balenciaga’s latest offering is a 4,700 yuan (US$650) T-shirt in collaboration with Chinese mobile payment platform Alipay, sparking discussions and chaff on Chinese social media. The …

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Foreigners spend 700% more on Alipay in China over Labour Day holiday as inbound tourism slowly recovers

by Anas Siddiqui
Foreigners spend 700% more on Alipay in China over Labour Day holiday as inbound tourism slowly recovers

The number of visitors – from 15 countries across Europe and Southeast Asia included in China’s visa exemption scheme – who used Alipay during the holiday was up fourfold this …

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China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

by Walter Watson
China added 1 unicorn per week last year despite slumping global investments thanks partly to AI frenzy, report says

China last year bred an average of one new unicorn each week amid frenzied growth in the country’s artificial intelligence (AI) sector, bucking a declining trend in global venture capital …

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Wang Jianlin’s Wanda unit gets a US$8.4 billion capital injection from PAG-led consortium

by Ron Morgan
Wang Jianlin’s Wanda unit gets a US.4 billion capital injection from PAG-led consortium

A consortium of investors agreed to inject capital into a unit owned by the Chinese property magnate Wang Jianlin, offering some relief to a cash-starved developer who has had to …

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