7 Comments
Nov 2, 2020Liked by Lillian Li

"Capitalism with Chinese characteristics !" 🤠

Very well written, dark Western look-alike fintech v. wild Chinese innovation.

New frontier: What can Alipay or Tencent do about emerging markets financial transactions via opening up their APIs and underwriting resources ?

Given that the US is locked out and EU is also antagonistic, growing less developed markets seems the logical choice along side the BRI Silk Road?

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Nov 27, 2020Liked by Lillian Li

Have you looked back into the history of the company at an acquisition Ant made of a company called Zhejiang Rongxin Technology? I think this was owned by Jack Ma personally prior to the acquisition and brought Hundsun into the fold.

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There was an allusion to 'some of Alibaba's Senior Team' who helped build out Alipay. Other than that, the focus seems to be very much on Mr Ma's vision, drive, genius etc. But who are the rest of the team, the key executives, their talent pipeline etc?

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Great article, really enjoyed it! In part 2, I would love to learn more about how Alipay compares with other super apps like WeChat Pay or Meituan.

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Its incredible just simply how deep ANT's fangs are into the fintech ecosystem of every segment of society in China. I don't know of any fintech anywhere in the world can cater that that many needs on a single platform.

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