For Chinese Consumers, Ant Group App Is Part Of The Fabric Of Life
Faizan Hashmi Published October 28, 2020 | 10:30 AM
Shanghai, (UrduPoint / Pakistan Point News - 28th Oct, 2020 ) :The most essential item in aircraft engineer Tao Rui's possession during a recent outing in Shanghai was the Alipay smartphone app from Ant Group, a company little known outside China until it unfurled plans for the biggest IPO in history.
As Tao and a friend strolled the city at the weekend, he used Alipay to buy a cup of milk tea, a deep-fried octopus snack and a box of candy. He also used it to play a basketball game at an arcade, make a small donation to a street musician, and produce a health code signalling he was coronavirus-free before entering a Buddhist temple.
They topped the day off with bowls of Japanese ramen noodles, also purchased with a scan of an Alipay code.
Tao's day underscores why the planned $34 billion stock listing of Ant Group, the financial arm of Chinese e-commerce giant Alibaba, is such a big deal.
Like hundreds of millions of Chinese consumers, the 22-year-old admits he simply cannot survive without Alipay, the crown jewel of the Alibaba empire.
"I use Alipay to order a cab, to buy things, to shop on (Alibaba e-commerce platform) Taobao, to buy clothes, and air and train tickets," said Tao.
"It's indispensable for getting around in China."
Related Topics
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Miscellaneous
-
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
3 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
3 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
4 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
7 days ago -
Radio Bahawalpur to broadcast Eid programs
9 days ago -
DC, DPO Haripur inspect bus terminals to review fares compliance
11 days ago
-
Second phase of refugees’ repatriation to start after Eidul Fitr vacations
11 days ago -
Reaping bounties as Ramazan culminates
11 days ago -
Digital transformation – a boon or bane
11 days ago -
Plants’ business: Another casualty of climate change
13 days ago -
Eid shoppers prioritize children’s joy over personal comforts
13 days ago -
Besant Hall Cultural Centre honoring Pir Hassam din Rashdi to take place on April 1
18 days ago