Search Results for: alibaba

DLT, Online Security: CertiK, Alibaba Cloud to Bring Blockchain Security to Cloud

CertiK, the New York-based blockchain security company, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced the signing of a partnership to provide blockchain security services to cloud-based Web3 projects. Web3 developers can now “accelerate their development process and secure their… Read More

Web3 Infrastructure Firm Mysten Labs Signs MoU with Alibaba Cloud

Mysten Labs, a Web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, announced the signing of a Memorandum of Understanding with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group. Under the terms of the MOU, Alibaba Cloud will aim… Read More

Alibaba Cloud to Provide Blockchain Node Service to Support Growth of Web 3.0 Ecosystem

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group,Ā  announced a roadmap for the launch of its first Blockchain Node Service. Scheduled for the first quarter of 2023, the Blockchain Node Service will “support the growth of the evolving Web3.0 ecosystem and better… Read More

Italy: Banca Sella to Help Bring Italian SMEs to Alibaba.com

Supporting Italian SMEs in their business projects of growth, development and competitiveness, taking advantage of the key opportunities offered by digital export: this is reportedly the purpose of the agreement made by Banca Sella and Business Vision, a firm focused on e-commerce development and an… Read More

Payoneer Selects Former Alibaba Executive as New CEO

Payoneer (NASDAQ: PAYO) has announced that John Caplan will become the company’s new CEO. Caplan is expected to operate as co-CEO until the end of 2023 at which time current CEO Scott Galit “will continue in a strategic role.” Payoneer is a global payments platform… Read More

People’s Bank of China Now Supporting “Controllable” Risks in Fintech Innovation in Alibaba Groupā€™s Zhejiang-based Offices

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting ā€œcontrollable risksā€ in the countryā€™s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

BBVA and Alibaba Affiliate Ant Group to Work on Integration of Financial Services via DLT based Trusple

BBVA and Ant Group (Alibaba affiliate) have entered an agreement to work on the integration of financial services in their platform, Trusple. Based on blockchain or distributed ledger technology (DLT), this network aims “to accelerate the digital transformation and facilitate the financing of international trade… Read More

Ant Group, the Fintech Division of Digital Commerce Giant Alibaba, Aims to be Carbon Neutral by 2030

Ant Group, the Fintech division of digital commerce giant Alibaba Group Holding Limited (NYSE: BABA), has made a commitment to become carbon neutral by 2030. Ant Groupā€™s management stated that to achieve the carbon neutral target within the coming decade will involve establishing a carbon… Read More

Alibaba Under Investigation. Will Ant Group Ever IPO?

Chinese regulators are said to be investigating whether Alibaba (NYSE:BABA) has been engaging in non-competitive practices. Simultaneously, Ant Group – a top Fintech, is receiving additional scrutiny. Ant Group is the parent company of Alipay, Chinaā€™s largest mobile payment platform. Additionally, it has been widely… Read More

Daniel Zhang, Chairman of Alibaba Group, Says China’s Move to Create New Fintech Regulations Is “Timely and Necessary”

The management at Alibaba Group Holding (NYSE:BABA) has stated that they are planning to comply with China’s updated Fintech regulations after the nationā€™s changing regulatory environment led to Ant Group‘s initial public offering (IPO) getting suspended. Daniel Zhang, Chairman of Alibaba Group, noted during a… Read More

Outsourcing Cloud Tech Requirements Allows Fintechs to Focus on Core Business, According to Phillip Liu from Alibaba Cloud Intelligence

Phillip Liu, GM at Alibaba Cloud Intelligence for the MENA region, recently commented on whatā€™s required for regional Fintech firms to succeed in an increasingly competitive global environment. Fintech platforms are beginning to transform the traditional financial services sector. Fintech companies have developed solutions to… Read More

Alibaba Groupā€™s Fintech Firm, Ant Group, Gets Approval from Chinese Authorities for Registration of its Shanghai Initial Public Offering (IPO)

Ant Group, which was previously known as Ant Financial, the worldā€™s most valuable Fintech firm and a subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinaā€™s top securities regulator for the registration of its Shanghai offering. As reported by Reuters, the… Read More

Alibaba Group’s Fintech Firm, Ant Group, Gets Approval from Chinese Authorities for the Hong Kong part of its Upcoming IPO

Ant Group, which was previously known as Ant Financial, the worldā€™s most valuable Fintech firm and subsidiary of the Alibaba Group Holding (NYSE:BABA), has reportedly received approval from Chinese regulatory authorities for the Hong Kong leg of its planned initial public offering (IPO). The Ant… Read More

Alibaba Cloud Computing Now Ranked Third-Largest Infrastucture as a Service Provider, Right Behind Amazon Web Services, Microsoft Azure

Chinese e-commerce giant Alibaba Groupā€™s (NYSE:BABA) cloud services business may now be on track to generate profits as it continues to receive support from Chinaā€™s evolving digital economy. Last year, Alibaba Cloud had been ranked as the third-largest infrastructure-as-a-service provider, which is right behind Amazon… Read More

Alibaba Group’s E-commerce Site Daraz in Pakistan to Encourage Digital Payments by Offering 10% Discount on Mondays on Purchases Made with Visa Cards

Payments giant Visa has teamed up with Pakistanā€™s Daraz, an online marketplace and logistics firm which operates in markets of South Asia and Southeast Asia (owned by Alibaba Group). Through the long-term, strategic partnership, the companies will introduce ā€œVisa Mondays,ā€ which will allow Daraz customers… Read More

Chinaā€™s Alibaba Cloud to Work with Singapore’s Fintech Academy to Improve Healthcare Sector Services in Southeast Asia

Hangzhouā€™s Alibaba Cloud (Aliyun), a Chinese cloud computing company that operates as a subsidiary of the e-commerce giant, Alibaba GroupĀ (NYSE:BABA), has partnered with the Fintech Academy in Singapore and Pfizer, an American multinational pharmaceutical corporation. Through the partnership, the two companies and the Fintech Academy… Read More

Alibaba Hong Kong Entrepreneurs Fund Announces JUMPSTARTER 2021 Global Pitch Competition

Alibaba Hong Kong Entrepreneurs Fund announced on Tuesday it has kicked off its annual signature startup event, JUMPSTARTER 2021 Global Pitch Competition, with an online focus to ensure safe participation for all contestants during the COVID-19 pandemic.Ā  JUMPSTARTER 2021 is now open for applications, with… Read More

Alibaba Adds Freight Service, Includes Trade Financing Solution as Part of the Package

Alibaba (NYSE:BABA), one of the largest tech firms in the world, has announced a new shipping service that includes a trade financing option. The financing is provided in partnership with MTS a Fintech that offers “credit as a service.” Alibaba Freight seeks to engage with… Read More

HSBC Partners with Chinese Logistics Firm Cainiao to Offer Faster Trade Finance Loans via Alibaba’s Tmall Platform

HSBC, a British multinational bank and financial services holding company with over $2.5 trillion in total assets, has teamed up with Cainiao, a China-based logistics company, in order to provide faster trade finance loans to merchants via Alibaba’s Tmall platform in Hong Kong. HSBC will… Read More

Indonesia E-Commerce Marketplace Tokopedia Set to Finalize $1.5 Billion Round from Softbank, Alibaba, Temasek

Tokopedia, an Indonesia-based e-commerce marketplace, is reportedly in the final stages of closing an investment round valued at around $1.5 billion from Japanā€™s Softbank, Chinaā€™s Alibaba Group and Singapore-based Temasek. The Tokopedia marketplace, which is notably the largest of its kind in Indonesia, is now… Read More

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