Visit of Alibaba and Ant Financial in Hangzhou, 26./27.03.2018

Our partners Marquesa Leung and Dr. Jochen Biedermann visited Alibaba and its affiliate Ant Financial for discussions and presentations on a range of topics including e-Commerce and FinTech.

We were deeply impressed by Alibaba’s amazing Xixi campus in Hangzhou, which already hosts 16,000 staff and will be further expanded.

Ant Financial’s Alipay has processed the incredible number of 256,000 transactions per second on the last Chinese Singles’ Day (11 November 2017).

And its other products, like the money market fund Yu’e Bao (Hidden Treasure) or its consumer loan service Huabei (Just Spend), are as impressive and successful.

Ant Financial also implements an important mission of financial inclusion by bringing financial services to remote rural areas of China.

We hope to be back in beautiful Hangzhou very soon.

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