Confidential documents show that Xiao Jianhua, a corrupt investor tied to China’s political elite, backed the country’s most successful and revered entrepreneur.
Tag: Alipay
China Called Finance Apps the Best Thing Since the Compass. No Longer.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
Jack Ma Shows Why China’s Tycoons Keep Quiet
High-profile business leaders have been detained, sidelined or silenced as the Communist Party moves forcefully to keep companies in line. Today, the best strategy is to lie low.
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.
Here Are the 8 Chinese Apps Trump Banned
The White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.
Trump Bans Alipay and 7 Other Chinese Apps
The White House took a surprise parting shot at China on Tuesday by banning the popular Chinese payment service and other applications.
Ant Group Set to Raise $34 Billion in World’s Biggest I.P.O.
The Alibaba online finance spinoff, which offers people in China a one-stop shop for loans, investments and more, will list shares in Hong Kong and Shanghai.
Tech We’re Using: To Cover China, There’s No Substitute for WeChat
Li Yuan conducts much of her work on the WeChat mobile app, including spotting trends — and prodding sources to get back to her.