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China’s Major Tech Firms Will Dominate SE Asia’s Emerging Markets: Who Wins And Who Loses?
Digital behemoths Alibaba and Tencent are expanding their e-commerce, cloud and data capabilities across the SEA region, which has a rapidly growing population of more than half a billion people.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Press release: Alipay Expands Global Footprint Into Mexico Through Partnership With Openpay
Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.
- Categories
- Finance
- Region
- Latin America
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Alibaba is doubling down on Southeast Asia as its rivals, including Amazon, are moving in
The latest round will bring Alibaba’s investment in Lazada to $4 billion. It follows a $1 billion investment last year, which added to its initial $1 billion purchase of a majority stake in Lazada in April 2016. The latter deal signaled that Alibaba, long dominant in China, would enter Southeast Asia by buying an existing player rather than by building a presence there from scratch.
- Region
- Asia Pacific
- Tags
- e-commerce
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Why India’s fintech, e-com firms fear Google, Facebook
In the fight between information technology, fintech and e-commerce firms in India and Google and Facebook, the global giants seem to be winning hands down. It is becoming a matter of survival for these sectoral ones, as one-stop solutions such as business listings, travel bookings, money transfers and financial services are available on both platforms and these firms rely on Google and Facebook to promote their services.
- Categories
- Finance
- Region
- South Asia
- Tags
- e-commerce, fintech, mobile money
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