A decade on, China’s mobile payment giant ventures out again, targeting merchants and tourists across Asia.
On social media platform Xiaohongshu, Chinese tourists arriving in Japan for the first time since the pandemic have recently been marveling at the dozens of digital wallets and mobile payment services available in a country where cash, until recently, was king.
Now Chinese fintech giant Ant Group is making a renewed effort to unite the fragmented market by integrating these different digital wallets, and others across the region, onto one platform — Alipay+, which it first launched in
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.