Chinese online payment provider Alipay is receiving a CNY5 billion cash infusion to help the company expand its e-commerce business.
E-commerce behemoth Alibaba Group, which owns Alipay, will invest a total of CNY5 billion into Alipay over the next five years to upgrade the payment solution for e-commerce in China and around the world.
The new investment of CNY5 billion will be used to enhance infrastructure security; develop products to improve ease of use and convenience for customers; continue to grow consumer accounts; build a comprehensive network of merchants; and retain and attract top-tier talent from the finance and payments industry.
With this investment, Alipay will be able to attract and train a larger pool of talented professionals from the payments industry who will build a truly globalized and sophisticated e-commerce payment infrastructure. Alipay will also commit additional resources into online safety and security, risk management, as well as innovate in new technology areas such as mobile payments.
There has been a traffic incident at the entrance of Manila Airport, the Foreign Office…
EXCLUSIVE: Typical of Donald Trump, the details of POTUS’ just announced bombshell 100% tariffs on…
Filipino Cardinal Luis Antonio Tagle laughed when asked in 2015 if he had ever considered…
It's safe to say Nissan surprised us all last month at the Auto Shanghai 2025…
American billionaire who predicted the 2008 global recession, Ray Dalio, slammed the tariff policy of…
China is dominating the EV game, but is not giving up on combustion engines yet.…
