Ant Group

The company was founded by six former employees from Alibaba and its affiliate Ant Financial.

Zomato and Swiggy are capital hungry to scale up as competition intensifies.

This figure includes users from its international e-wallet partners.

The number of gold buyers skyrocketed, driven by the ease of buying gold in small sizes.

The firm has been exploring new business such as hitch-hiking and battery rental services.

Alibaba is already a Weibo investor and one of its largest clients.

An estimated 390 million yuan was lost to internet fraud in China last year, a five-year high

A regulatory change which directs e-wallet players towards interoperability may be affecting the way wallet operators view their potential market.