Alipay – pressnews

[ad_1] Ant Group Co. finished a procedure to remove controlling stakeholders almost a year after billionaire Jack Ma promised to cede his dominance of the Chinese finance giant. As part of the process, the People's Bank of China granted an application to remove any controlling shareholders at Ant's Chinese payment platform Alipay, according to a statement from the central bank. The bank now lists Ant's Alipay as a firm without an actual controller. Ma, co-founder of Alibaba Group Holding Ltd., announced his retreat from Ant earlier this year in one of a number of moves aimed at appeasing Chinese regulators. In January, the finance company said 10 individuals, including management and staff, would be offered voting rights that would effectively remove the billionaire's control. The adju...

[ad_1] X (formerly Twitter) is going to get quite a few banking and finance features in 2024, and they will include payment-related features too. That is the intent Elon Musk has expressed often. As such, those who are wondering about the connection between financial services and social media should not be surprised, as company owner Musk has said that he plans to turn X into an “everything app”, much like China's WeChat and Alipay. But an everything app does not just have payments, it is also required to have a lot of other services as well. So, what exactly is Musk planning to bring to X? Let us take a look.New services and features that can soon come to XAmong the first could be a news distribution service. According to a report by Bloomberg, the service will be called XWire, and it ...

Tag: Alipay

Firm Without Actual Controller! Ant Completes Process of Removing Jack Ma-Happens Only in China

After banking features, what else is Elon Musk planning to bring to X? Know them all