How Ant Financial / Alipay is Building an AI Factory in Financial Services (pt 2 of 2)

In Part 1 (From Big, Dumb Bureaucracies to Zero-Human Operations (pt 1 of 2), I made the following argument: In the industrial age, enterprises were built on the advantages of scale. Companies went from workshops and small factories to big factories capable of mass production. Superior scale gave companies multiple advantages, including cost efficiencies and […]

Alipay’s Horizontal Attack on Meituan (Daily Update – Jeff’s Asia Tech Class)

One of the big digital China / Asia stories of 2019-2020 has been the movement of Alipay into services. And I don’t think people have quite realized what a giant Alipay (i.e., Ant Financial) has become in China and increasingly globally. From a recent article by Technode: In what Alipay CEO Simon Hu dubbed the […]

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