Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants... More
Ant Financial
Marriott Hotels to accept Alipay
Visitors to hotel chain Marriott International will soon be able to pay for their hotel stays, food and drink purchases as well as for meeting and event bookings using Ant Financial’s Alipay QR-code mobile payment platform... More
Alipay 9 launches with support for Koubei merchant payments and P2P transfers
Ant Financial has released a new version of its Alipay app for iOS and Android, adding new Friends and Merchants tabs that provide support for peer-to-peer payments and for Koubei, the US$1bn mobile commerce joint venture between Ant Financial and Alibaba that was announced last month. More
Ant Financial valued at US$45bn
Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports... More
KFC China restaurants to accept Alipay mobile payments next month
Nearly 5,000 KFC China fast food restaurants will accept Alipay mobile payments next month, following in the footsteps of Walmart which is rolling out support for the service in all of its Chinese stores by the end of this year... More
Alibaba and Ant Financial invest nearly $1bn in Koubei mobile commerce platform
Chinese e-commerce giant Alibaba and Alipay parent Ant Financial have each invested RMB3bn (US$483m) into Koubei, a joint venture that will let consumers order and pay for local services in China using their smartphone, “with an initial focus on the food and beverage segment”... More
Walmart to accept Alipay mobile payments in China
Walmart is to begin accepting Alipay mobile payments at 25 stores in Shenzhen, China, and the service is to go live in all of the chain’s 410 stores across 160 Chinese cities by the end of this year... More
Alibaba checks in simple hotel booking
Hotel customers with high credit scores will be able to book rooms on Alibaba’s online travel booking platform Alitrip without having to provide their credit card for room deposits and bypass check-out with payments automatically deducted from their Alipay accounts... More