A profile of Ant International, Ant Group's cross-border payments unit using AI and blockchain for treasury management, which handled $1.1T in cash flow in 2024
a very elaborate form of an IOU. Process ~30 seconds,then money paid to merchant in local $’
Sources: Ant Group's Ant Digital Technologies is quietly working to link ~$8.4B of energy infrastructure and other real-world assets to its AntChain blockchain
Bloomberg :
Alibaba reports Q1 revenue up 7% YoY to ~$32.8B, below $33B est., and net income up 279% to ~$1.7B, partly due to its equity investment gains; BABA drops 5%+
Crypto Sentiment Shifts Cissy Zhou / Nikkei Asia : Alibaba's Q1 revenue falls short as international e-commerce falters Bill McColl / Yahoo Finance : Alibaba Misses Forecasts on Chinese Consumer Slowd...
Ant Group's payment app Alipay adds an AI-powered image search feature as it tries to become a super app like rival Tencent's WeChat
Coco Feng / South China Morning Post :
Ant Group's payment app Alipay adds an AI-powered image search feature as it tries to become a super app like rival Tencent's WeChat
Alipay's move shows how mobile payment platforms are striving to grow their customer base and engender user loyalty in the AI era
Ant Group's profit grew ~193% YoY in the June quarter to $1.05B, reversing a year-long decline as it regains its footing from the Chinese government crackdown
- The Fintech company posted 7.5 billion in quarterly profit — Ant is seeking overseas and artificial intelligence expansion
Ant Group's profit grew ~193% YoY in the June quarter to $1.05B, reversing a year-long decline as it regains its footing from the Chinese government crackdown
Lulu Yilun Chen / 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
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. …