by Ekrem Duman | Jul 19, 2026 | Chinese Fintech & Payments, Startup
⚡ TL;DRAlipay dominated Chinese digital payments until Tencent launched WeChat Pay and used a viral Chinese New Year red-packet campaign to get tens of millions of users to link bank cards within days. The resulting duopoly transformed China into a largely cashless...
by Ekrem Duman | Jul 19, 2026 | Chinese Fintech & Payments, Startup
⚡ TL;DRAnt Group grew from Alipay, the escrow service that made Chinese e-commerce trustworthy, into a financial platform offering payments, credit, wealth management and insurance to roughly a billion users. Its 2020 IPO would have been the largest in history before...
