Alipay’s new feature turned itself into a hookup app: How could Alipay have been this stupid?

People downloading the Alipay app Alipay, one of China’s best-known digital payment apps owned by Ant Financial Services Group, the financial affiliate of China’s e-commerce giant Alibaba, recently rolled out its social networking platform in an ambitious attempt to take on the country’s leading social app, WeChat. However, something went terribly wrong: the platform was … More Alipay’s new feature turned itself into a hookup app: How could Alipay have been this stupid?

5 Chinese fintech leaders you need to know

The latest “Fintech 100” rankings published by Fintech venture capital firm H2 Ventures and accountancy giant KPMG announced that China now tops the global rankings, with five of the top 10 fintech innovators from the country. In the first quarter of this year, fintech companies in China attracted $2.4 billion from venture capital firms in … More 5 Chinese fintech leaders you need to know