Economy· Business· Commercial & Professional Services

Alipay to invest RMB 1 bln for Mini Program development, 300 million users will benefit

minutes 2018/09/13 06:54:26
China's Financial News, China News,  Alipay,

Sep 13, 2018 (China Knowledge) - Alipay has announced to set up a mini-program business department. Guan Zhong, the former chief of Ant Financial Open Product Department, will serve as the general manager of the department.

Alipay's official declared yesterday that the team plans to invest RMB 1 billion in innovation fund in the next three years, which is dedicated to motivating and incubating the Mini Program entrepreneurs of Alipay. In terms of platform resource input, Alipay's Mini Program platform will also leverage the technical resources of Alibaba Cloud to reduce the cost of developers through one-stop cloud services.

According to the information provided by Alipay, since Sep 2017 Alipay's had developed Mini Programs in nine categories, including tools, retail, life services, travel and transportation, public welfare, finance, education, medical treatment and government affairs.

For merchants and developers, Alipay's Mini Program can provide more business capacity, shorter service paths, more equal operational opportunities, and the value behind Alipay's 520 million active users and 80 million co-merchants.

Up to now, the number of mini programs on Alipay has exceeded 20,000 in total, with 120 million daily active users, and totally 300 million users.

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