AliPay

Jack Ma-owned mobile payment giant Alipay was removed from a high-tech company list in Shanghai, Bloomberg reported.  What Happened: Alipay.com did not meet the spending requirement for research and development, as per a government notice on Sept. 8, the report, said adding...

A man in China paid 30,000 yuan ($4,400) to a taxi driver to jump red lights until the frightened driver called the police and refused to follow his demands to break the law.  What Happened: A taxi driver surnamed Chai met a young passenger last week, who paid him 9,000 yuan ($1,300...

The worst part of travel often comes down to payments, loyalty rewards and customer service. That’s according to Daniel Marovitz, the senior vice president of fintech at Booking Holdings Inc's (NASDAQ: BKNG) Booking.com, with whom Benzinga spoke on how a new fintech unit...

Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group has sought to clarify that non-fungible tokens (NFTs) are not cryptocurrencies, according to a report by Reuters. What Happened: Ant’s clarification came after 16,000 copies of NFTs representing two artworks were reportedly sold on...

Alipay — the behemoth operating China's top digital payments mobile application — started selling non-fungible tokens (NFTs) representing artwork. What Happened: According to a Wednesday Forkast report, Alipay already found buyers for 8,000 editions of two artworks within...

PayPal Holdings Inc (NASDAQ: PYPL) is planning to launch a local wallet in China that will focus on cross-border payments, CNBC reported on Monday citing Hannah Qiu, the China CEO for PayPal. What Happened: Qiu told CNBC that the U.S. fintech company is planning to launch a domestic wallet in China...

Alibaba Group Holding Ltd (NYSE: BABA) subsidiary Ant Group is planning to sell a key biometric security company it owns in the United States, the Financial Times reported Tuesday. What Happened: The Chinese fintech is looking to sell the Kansas City, Missouri-based EyeVerify in the first half of...

Mobile applications provided by Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group will be banned under an executive order issued Tuesday by outgoing President Donald Trump. What Happened: U.S. transactions with the Hangzhou, China-based Ant Group’s Alipay, which had over 1.2 billion...

Starbucks Corporation’s (NASDAQ: SBUX) customers in China will be able to order drinks on multiple platforms run by Alibaba Group Holding Ltd (NYSE: BABA), the latter announced Tuesday.   What Happened Alibaba said the service will be available by activating “...

The following originally appeared on Weiss Crypto The Bitcoin correction I’ve been forecasting seems to be underway. BTC has fallen from a high of $9,000 to a recent correction low of $7,500. And the correction may not be over yet.  Use this as a buying opportunity.  Because, longer...

Alibaba Group Holding Ltd (NYSE: BABA) continues to transform its Alipay app into a "super app" that will likely result in expanded use, higher engagement and synergies with other businesses, according to Bank of America. The Analyst Bank of America's Eddie Leung maintains a Buy...

Kroger Co (NYSE: KR) spiked as high as 5.2 percent pre-market Thursday on a New York Post report citing an explored alliance with Alibaba Group Holding Ltd (NYSE: BABA)’s senior management. The article suggests Kroger’s interest in leveraging Alibaba’s cashierless supermarket...