22 September 2018

Alibaba starts cloud service for banks, Bloomberg says

Chinese e-commerce giant Alibaba Group has started offering a cloud computing service known as Ju Baopen for banks and securities firms, Bloomberg News reported Thursday, citing a statement from the company. At least eight banks, including Xiamen Bank Co., China Bohai Bank Co. and Tianjin Rural Commercial Bank Co., are able to provide online payment services by using Alibaba’s cloud computing service, the report said. The banks’ online platforms will also be connected to Alipay, the company’s third-party transaction system.

– Contact HKEJ [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe