Alipay

Ant Group reports 30M MAUs for its AI health chatbot Ant Afu, which integrates appointments, test analysis, and insurance payments within Alipay's ecosystem

Ant Group reports 30M MAUs for its AI health chatbot Ant Afu, which integrates appointments, test analysis, and insurance payments within Alipay's ecosystem

Ant's health chatbot has become a top downloaded app in China as users seek personalized care they can't get from the overburdened hospitals.

Ant splits Alipay into the Digital Payment Business Group focused on new payment products, and the Alipay Business Group focused on user growth and monetization

Ann Cao / South China Morning Post :

People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise

Bloomberg :

People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise

Bloomberg :

People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise

The bank now lists Ant's Alipay as a firm without an actual controller.  —  Ma, co-founder of Alibaba Group Holding Ltd. …

Ant Group partners with BNPL service Splitit to let Alipay users on AliExpress in Europe pay for items in installments, starting in Germany, Spain, and France

Wall Street Journal :

Alipay has quietly started testing money transfers through WeChat in September, available for a small number of users with a maximum of ~$278 per transfer

The wall separating China's two leading mobile payment systems may have started to crack after Ant Group's Alipay rolled out a trial service …

Some citizens are skeptical of China's digital yuan, e-CNY, preferring Alipay and WeChat Pay; e-CNY has seen 150M transactions worth nearly $10B so far

Policy makers world-wide are watching to see how Beijing goes about replacing cash  —  China has convinced financial policy makers everywhere …

Sources: Beijing wants to break up Ant Group's Alipay, which has over 1B users, and create a separate app for the company's highly profitable loans business

Chinese fintech will turn over user data to new joint venture partly owned by state  —  Beijing wants to break up Alipay …