Wechat china ecny pay2/8/2024 In terms of daily expenses, the proportion of third-party payment accounts for 58%, of which mobile payment accounts for 47% and cash payment accounts for 19%. Mobile payment has been firmly established as the largest payment tool for daily consumption.Ĭhina’s top mobile payment apps compared: Alipay, Tenpay, UnionpayĪnt Group, renamed from Ant Financial and the parent company of China’s largest payments platform Alipay and leading provider of financial services technology, announced its concurrent initial public offering (“IPO”) on the Shanghai Stock Exchange’s STAR board (“SSE STAR” market) and The Stock Exchange of Hong Kong Limited (the “SEHK”). The listings will help the company accelerate its goal of digitizing the service industry in China and driving domestic demand, as well as position the company to develop global markets with partners and expand investment in technology and innovation. We are thrilled to have the opportunity to play a part in this development The innovative measures implemented by SSE STAR market and the SEHK have opened the doors for global investors to access leading edge technology companies from the most dynamic economies in the world and for those companies to have greater access to the capital markets. ![]() ![]() Said Eric Jing, Executive Chairman of Ant Group.Īnt Group aims to create the infrastructure and platform to support the digital transformation of the service industry.īecoming a public company will enhance transparency to our stakeholders, including customers, business partners, employees, shareholders and regulators.
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