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JD.com, Tencent, Financial Institutions Ally on Internet Finance Security

CCID, 11/05/15

JD Finance, the financial services subsidiary of Beijing-based B2C e-commerce platform JD.com (Nasdaq: JD), internet and mobile services firm Tencent (0700.HK), and a number of financial institutions have allied to establish the Online Financial Security Alliance, with the purpose of combining their risk management technology and strategies to maintain the security of the online finance industry. Read More

Alibaba Bank to Begin Operations in May

TechWeb, 1/28/15

Zhejiang-based Ant Financial Group VP Yu Shengfa has said that planning is underway for the Zhejiang Internet Commerce Bank (Alibaba Bank). Read More