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Lucy Peng's Net Worth Explained: The Low-Profile Female Founder Who Cofounded Alibaba and Raised Over $22B
Lucy Peng, one of the original 18 cofounders of Alibaba Group, is one of the wealthiest female tech founders in China. The ...
Morningstar22d
Alibaba Will See Higher Growth but More Investments at the Same Time
In 2011, the company transferred the ownership of Alipay to a new company (now called Ant Financial, which is 33% owned by Alibaba) without the approval of key shareholders Yahoo and SoftBank.
Tencent’s Weixin Pay chases Chinese tourists in Singapore with Sentosa deal
As Chinese travellers return to Southeast Asia, Weixin Pay has struck a partnership with Singapore's top resort island ...
Business Insider29d
Apple's Alibaba AI deal is unlikely to be a silver bullet for its China woes
In 2014, Apple CEO Tim Cook publicly addressed the prospect of a "marriage" between Apple Pay and Alibaba's payment platform, Alipay, by sharing his respect for the company's founder, Jack Ma.
Washington Times26d
China’s Xi promises policy stability at meeting with business leaders, including Alibaba’s Jack Ma
The finance-focused business grew out of Alipay, the popular digital payments system. It then forced Ant Group to restructure, dividing it into multiple independent businesses. Alibaba was also ...
Yahoo Finance26d
China's Xi promises policy stability at meeting with business leaders, including Alibaba's Jack Ma
Alibaba previously pledged $15.5 billion to ... The finance-focused business grew out of Alipay, the popular digital payments system. It then forced Ant Group to restructure, dividing it into ...