Alibaba affiliate Ant Financial to accelerate blockchain initiatives

Photo: Bloomberg

Alibaba Group affiliate Ant Financial Services, operator of online payments platform Alipay, is looking to escalate its use of blockchain technology this year, which would provide more reliable and trustworthy data for its businesses, partners and customers.

In a keynote presentation at the Internet Economy Summit in Hong Kong on Monday, Ant Financial chief technology officer Cheng Li said the initiative was part of the company’s goal to make financial services more inclusive and accessible.

Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.