Ant Financial, Alibaba’s financial services affiliate, said it plans to turn its Alipay payment app into a much bigger and broader platform where users can access 40 million online and offline services in China. The plans, announced by the company on Tuesday, would intensify Alibaba’s battle against other Chinese super-apps like Tencent’s WeChat and Meituan Dianping, which also serve as gateways...
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Where Social Media’s GameStop Surge Could Lead: The Information’s Tech Briefing
There’s no doubt the current stock market hysteria over GameStop and the like will come to a bloody end. The real question is whether the craziness, fueled by social media sites like Reddit and Discord and stock trading app Robinhood, leads those companies to clamp down on stock debate or trading. Media post-mortems are sure to blame those companies—which reportedly also include...
Ant Group Plans Major Revamp Amid Beijing’s Pressure
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