NewsCHINA BRIEF| Ant Financial’s MYbank serves 20.9 million small and micro business in 2019, up 70% yearlyThe online bank’s average outstanding loan size is USD 4,300. 1 min read
Paytm was valued at USD 16 billion last year when the US-based asset manager T Rowe Price—as a new investor—poured USD 150 million into the Noida-based company. NewsPaytm in talks with Microsoft for USD 100 million investment2 mins read
The e-signature market in China was estimated to reach more than half a billion USD last year. NewsByteDance launches e-signature platform, competing with Alibaba, Tencent in SaaS space1 min read
The move comes after major tech companies like Tencent, Ant Financial, and Meituan have all launched similar platforms. NewsCHINA BRIEF | JD.com launches mini program platform targeting 270,000 third-party merchants1 min read
Consumers aim to save more and spend less in the future after experiencing the economic turbulence of the COVID-19 pandemic. Visual StoriesKEY STAT | Chinese consumption predicted to fall in post-coronavirus era2 mins read
The system helps to create digital products for multi-party collaborations. NewsCHINA BRIEF | Ant Financial launches blockchain platform for small firms and developers1 min read
Ningde Zhixiang was established in 2016 with a total investment of USD 141.6 million from the three companies. NewsCHINA BRIEF | E-scooter battery-sharing company set by Hello Chuxing, CATL, and Ant Financial raises USD 28.3 million1 min read
Douyin wants its users to connect to others via video calls. NewsCHINA BRIEF | ByteDance’s Douyin tests new real-time video chat function1 min read
Ant Financial already offers over 4,000 wealth management products. NewsCHINA BRIEF | Ant Financial and Vanguard launch robo-advisor on Alipay1 min read