Jack Ma’s Ant Financial looks to take world to China with blockchain

Feb 13, 2017

At a time when a new report deemed blockchain as likely to reinforce a structure for cash securities in large and complex but mostly domestic markets such as Japan and China, the parent company of China’s largest online payment service, Jack Ma's Ant Financial, has expressed interest in exp...

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Alipay’s first blockchain-based charity project with CRCF

Jan 5, 2017

Alipay closed its’ first blockchain-based charity project with China Red Cross Foundation (CRCF) to aid aplastic anemia children in China. The funding was initiated on 11th Dec and finished on 27th Dec, raising 180,000.56 RMB (~26,000 USD) from 37,968 donors. The money wil...

7.8billion Bank Accounts Affected by China’s New Regulation, Alipay May Suffer Most

Dec 1, 2016

Starting from 1st December 2016, 7.8 billion bank accounts will be impacted by China’s new regulation, a great setback for the biggest internet payment processor in China, Alipay. The regulation policy was distributed by People's Bank of China as an "urgent" document on 25th November as ...