Alipay

Global E-Commerce Market Forecast Report 2023-2030: Digitalization and Technology Drive the Multi-Trillion Market's Meteoric Rise - ResearchAndMarkets.com

Retrieved on: 
Friday, January 19, 2024

Like different market segments, the retail sector is also witnessing great revolution thanks to the continued digitalization, and the arrival of Abstract advanced technology.

Key Points: 
  • Like different market segments, the retail sector is also witnessing great revolution thanks to the continued digitalization, and the arrival of Abstract advanced technology.
  • Global e-commerce marketing is becoming an critical element of companies strategy, in which, it contributes significantly to the monetary improvement of a country.
  • Online advertising tools inclusive of Google classified ads Instagram, wechat and Facebook commercials additionally drive global e-commerce market growth.
  • Apparel and add-ons reign best in the global e-commerce market, securing the very best market share.

Global E-Commerce Market Forecast Report 2023: Market to Grow by $28.75 Trillion by 2030 with Rakuten, Amazon, Alibaba, Walmart, eBay, Zalando, Otto, and JD.com at the Forefront of Growth

Retrieved on: 
Tuesday, January 16, 2024

Global E-Commerce market size is projected to reach US$ 47.73 Trillion by 2030.

Key Points: 
  • Global E-Commerce market size is projected to reach US$ 47.73 Trillion by 2030.
  • Global E-commerce market is growing at a CAGR of 12.22% from 2022 to 2030.
  • Additionally, growth in seamless and uninterrupted Internet offerings is predicted to boost the on-line shopping publicity of consumers thereby favorably impacting the normal E-commerce market growth.
  • Online advertising tools inclusive of Google classified ads Instagram, wechat and Facebook commercials additionally drive global e-commerce market growth.

Partner Insurer Payout Rose 23% YoY on Ant Insurance in the Alipay App in 2023

Retrieved on: 
Thursday, January 11, 2024

In 2023, China's leading insurers recorded claim payouts totaling RMB 23.1 billion (USD 3.22 billion) on Ant Insurance, Ant Group’s leading online insurance brokerage platform in China, housed in the Alipay digital life service platform, representing 23% year-over-year (YoY) growth, according to Ant Insurance.

Key Points: 
  • In 2023, China's leading insurers recorded claim payouts totaling RMB 23.1 billion (USD 3.22 billion) on Ant Insurance, Ant Group’s leading online insurance brokerage platform in China, housed in the Alipay digital life service platform, representing 23% year-over-year (YoY) growth, according to Ant Insurance.
  • In the health insurance category alone, the partner insurers processed 4.69 million claims on Ant Insurance.
  • View the full release here: https://www.businesswire.com/news/home/20240111010253/en/
    Partner insurer payout rose 23% year-over-year via Ant Insurance in 2023 (Graphic: Business Wire)
    Ant Insurance attributed the growth to recovery in medical consultation and the introduction of more zero-deductible products into the market.
  • “In partnership with insurers, Ant Insurance is committed to delivering industry-leading claims services with its broad coverage, transparency, ease of processing, and comprehensive user support,” said Fang Yong, Head of Claims Technology at Ant Insurance.

Chill 11 opens today, offering an entertaining, cultural Christmas shopping experience

Retrieved on: 
Saturday, December 23, 2023

Chill 11 combines arts and culture, culinary delights, shopping and entertainment with Hong Kong's distinct cultural elements to create a unique Christmas experience for the general public."

Key Points: 
  • Chill 11 combines arts and culture, culinary delights, shopping and entertainment with Hong Kong's distinct cultural elements to create a unique Christmas experience for the general public."
  • Chill 11 features three main themes: Entertainment, Art and Culture, and Shopping.
  • Albert Chau and Ramon Lo of Midlife, Sing & Shine will also be on stage on Christmas Eve and Christmas respectively.
  • Star make-up artist Will Or will also stage a Christmas trendy make-up class to share make-up tips for Christmas holiday.

Alipay+ and Partner E-Wallets Drive Sustainable Travel in Year-End Global Campaign

Retrieved on: 
Thursday, December 14, 2023

Ant International is committed to promoting sustainable and responsible tourism across its Alipay+ markets, with an ESG program closely aligned with the UN Sustainable Development Goals (SDGs).

Key Points: 
  • Ant International is committed to promoting sustainable and responsible tourism across its Alipay+ markets, with an ESG program closely aligned with the UN Sustainable Development Goals (SDGs).
  • The campaign features special offers from Alipay+ and partners to encourage sustainable travel behavior, such as free overseas mobile data packages, in-app discounts across Alipay+’s extensive merchant network, and opportunities to win 100% rebates at partner stores.
  • Dr Cherry Huang, General Manager of Alipay+ Offline Merchant Services, Ant International said, “Our year-end campaign is not just about travel; it’s about making a positive impact.
  • Touch ’n Go eWallet cross-border payments in the Chinese mainland have grown by more than 100% month-on-month in 2023.

Alipay Partners With Online Travel Agencies to Launch Selected China Tour Packages and Travel Guide for International Tourists

Retrieved on: 
Tuesday, December 12, 2023

Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists traveling to China.

Key Points: 
  • Alipay, the leading digital payment and lifestyle service platform, has partnered with top online travel agencies, including Trip.com, a global one-stop travel service provider and Tuniu, an integrated leisure travel service provider in China, to launch selected tour packages and travel guide on the Alipay app for international tourists traveling to China.
  • The first batch of the launch includes a total of 20 packages aimed at helping international tourists navigate their travels in China.
  • Alipay and Trip.com also launched a China Travel Guide in the app with comprehensive travel advice in the country.
  • “We are delighted to work with partners across the industry to enhance international tourists’ payment and travel experience in China.

Citcon Partners with Alipay+ to Enable Cross-Border Mobile Payment for U.S. Retail Merchants

Retrieved on: 
Thursday, December 7, 2023

Citcon, an all-in-one payment service provider, is thrilled to announce its strategic partnership with Alipay+, a leading global cross-border mobile payment and marketing solution platform, to enable international e-wallet payments for retail merchants across the United States.

Key Points: 
  • Citcon, an all-in-one payment service provider, is thrilled to announce its strategic partnership with Alipay+, a leading global cross-border mobile payment and marketing solution platform, to enable international e-wallet payments for retail merchants across the United States.
  • With Citcon's expertise in payment processing, Alipay+ will be seamlessly integrated into the payment options available to U.S. merchants, empowering their capability to serve inbound travelers coming from many major Asian destinations.
  • Roseate Wagner, General Manager of North America, Ant Group, said expanding partners and merchant network is key to Alipay+’s future strategy.
  • Citcon is a leading payment gateway and global partner of choice for businesses, providing innovative solutions to help them accept payments from customers using various mobile wallets, payment apps, and payment methods.

Ant Group unveils "Fight Plastic for Nature" Action Initiative at COP28

Retrieved on: 
Friday, December 1, 2023

In a pivotal move to address plastic pollution and promote nature conservation, the Ant Forest Foundation, established by Ant Group and its affiliates, today announced the launch of the "Fight Plastic for Nature" Action Initiative.

Key Points: 
  • In a pivotal move to address plastic pollution and promote nature conservation, the Ant Forest Foundation, established by Ant Group and its affiliates, today announced the launch of the "Fight Plastic for Nature" Action Initiative.
  • Additionally, the IUCN will share and promote best practices in plastic emission reduction across the plastic life cycle.
  • View the full release here: https://www.businesswire.com/news/home/20231201206207/en/
    During COP28, Ant Group unveiled Fight Plastic for Nature Action Initiative with partners at IUCN Pavilion on Dec.1, 2023 in Dubai, UAE (Photo: Business Wire)
    The initiative aims to rally global efforts in reducing plastic pollution, safeguarding the environment, and fostering sustainable practices.
  • The initial group of brand partners joining the “Fight Plastic for Nature” Action Initiative include over 30 well-known brands such as Ele.me, InterContinental Hotels Group (IHG), Mengniu, RT-Mart, Starbucks and Unilever.

Mastercard JV Approved to Begin Domestic Payments Processing in China

Retrieved on: 
Monday, November 20, 2023

Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.

Key Points: 
  • Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.
  • “We are pleased to have reached this milestone with our local partner NUCC.
  • In February 2020, the PBOC principally approved the application from Mastercard NUCC to begin formal preparations to set up a domestic bankcard clearing institution in China.
  • “Mastercard NUCC is committed to being in China as an active partner, working to expand issuance and acceptance of Mastercard-branded products for the benefit of local businesses and consumers.

Taobao and Tmall’s 11.11 Shopping Festival Records Positive Growth

Retrieved on: 
Sunday, November 12, 2023

Taobao and Tmall Group (“Taobao and Tmall”), Alibaba Group’s China commerce business, today successfully concluded its 15th annual 11.11 Shopping Festival (“11.11” or the “Festival”).

Key Points: 
  • Taobao and Tmall Group (“Taobao and Tmall”), Alibaba Group’s China commerce business, today successfully concluded its 15th annual 11.11 Shopping Festival (“11.11” or the “Festival”).
  • For the entire campaign period, Taobao and Tmall recorded positive year-on-year growth in GMV, order number, and participating merchants compared to the same period last year.
  • Since beta launch in September, millions of users used Taobao App’s embedded generative AI application "Taobao Wenwen" which helps guide consumer purchasing decisions through AI-powered question-and-answer interactions.
  • GMV disclosed in this press release refers to the total value of orders in RMB settled through Alipay on Alibaba's Taobao and Tmall platforms.