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Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. Ant Financial is the highest valued fintech company in the world, and the world's most valuable unicorn company, with a valuation of US$150 billion. 

Ant Group

Fintech is the new applications, processes, products, or business models in the financial services industry, composed of one or more complementary financial services and provided as an end-to-end process via the internet.

Fintech

The fourth quarter, thanks to Alibaba’s Singles’ Day sale, is usually a strong quarter for Alibaba and its financial affiliate Ant Financial.

Chinese Mobile Payment Sector Keeps Growing Momentum | KrASIA

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Chinese Mobile Payment Sector Keeps Growing Momentum

Spotlighting Asia&#039;s next wave of innovations.

KrASIA

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Meituan-Dianping is a Chinese group buying website for locally found food delivery services, consumer products and retail services. The company is headquartered in Beijing and was founded in 2010 by Wang Xing. The Meituan.com site offers deals of the day by selling vouchers on local services and entertainment.

Meituan

An on-demand service platform connects waiting-time-sensitive customers with independent service providers.

On-Demand Services

Meituan-Dianping claims to have nabbed one-third of the ride-hailing market in Nanjing and Shanghai.

Is Meituan-Dianping Posing Serious Threat to Didi? | KrASIA

Is Meituan-Dianping Posing Serious Threat to Didi?

GrabTaxi Holdings Pte. Ltd. is a transportation network company based in Singapore. In addition to transportation, the company offers food delivery services via mobile app. It operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, and Cambodia. 

Grab

Transport or transportation is the movement of humans, animals, and goods from one location to another. 

Transportation

The sellout will include both Uber’s hailing business and Uber Eats in the region.

Grab Reportedly Announces Buying out Uber SEA Business Next Monday | KrASIA

Grab Reportedly Announces Buying out Uber SEA Business Next Monday

Alibaba and JD Tap Underwriters for China Stock Market Homecoming

Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet and technology. 

Alibaba

JD.com, Inc., also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing.

Alibaba and JD could be floated in China’s A-Shares market by issuing China Deposit Recipients (CDR) in as early as June.

Alibaba and JD Tap Underwriters for China Stock Market Homecoming | KrASIA

SoftBank Group Corp. is a holding company that engages in the management of its group companies which provides information technology and telecommunication services. It operates through the following segments: Mobile Communications, Sprint, Fixed-line Telecommunications, Internet, and Others. 

Softbank

SoftBank told Uber to concentrate on recovering market share in the US and key European markets.

Ben

Chinese Mobile Payment Sector Keeps Growing Momentum

Is Meituan-Dianping Posing Serious Threat to Didi?

Grab Reportedly Announces Buying out Uber SEA Business Next Monday

Alibaba and JD Tap Underwriters for China Stock Market Homecoming

Deals | Grab Said to Acquire Uber’s Southeast Asia Operations