President Xi Jinping pledges $50.7 billion in financial assistance to countries in Africa

China’s internet rivals begin to break down barriers around their online ecosystems

Expansion into online healthcare services could be just what the doctor ordered for Ant

Rivalry with PDD and JD.com stunts Alibaba’s growth as uncertainty shrouds China’s economy

Pinduoduo's "refund only" policy, designed to enhance consumer protection by permitting refunds without returns, has been exploited by fraudsters, resulting in significant financial losses for merchants and fostering a black and gray market industry chain. Fraudsters exploit shipping insurance by ordering items with shipping insurance and returning empty packages or different items, profiting from the difference between shipping costs and insurance compensation, bolstering a complex black market. Efforts to curb these abuses are hampered by covert, dispersed fraudulent networks, adaptive tactics, and jurisdictional complexities, causing ongoing distortions in e-commerce ecosystems despite advancements in risk control measures.

China’s cross-border e-commerce has increased significantly, with a 15.6% rise in 2023 to 2.38 trillion yuan, driving the cross-border payment industry. Government support is growing, issuing "Opinions" to promote efficient and low-cost cross-border fund settlement services. Rapid expansion and transformation in the payment landscape include significant participation from non-bank payment institutions and ongoing regulatory efforts on licensing and compliance.

China’s tech companies expected to follow Alibaba Group and JD.com by turning to convertible bonds

Chinese e-commerce giant reports profit that more than tripled and revenue that more than doubled in the first quarter, eclipsing Alibaba and JD.com’s results

Jack Ma tells employees ‘we must reform for the future’

While scanning QR codes is the ubiquitous payment method in China, it’s not available to most foreign visitors, making it a major hassle to even buy a coffee

Chairman says reshuffle aims to promote Ant’s major strategies to advance in artificial intelligence, payment business and international expansion

Beijing has also added over a dozen more countries to its visa-free list recently, as it tries to clear the hurdles preventing a revival of inbound tourism

New CEO’s appointment raises speculation that Alibaba is preparing to sell off its grocery arm Freshippo

Alipay and WeChat Pay are working with NetsUnion Clearing to boost the use of foreign bank cards and digital wallets on the Chinese mainland

The internet giant will slash prices by as much as 55% on more than 100 products, including data storage and elastic computing options for online processing power

A complicated multi-way split within the internet company is fueling concern among investors