Ant’s crown jewel, Alipay, is a supercharged version of popular American apps like Venmo and PayPal. Here’s everything you need to know about the app used by more than 1 billion Chinese residents.

alipay ant group
The app for Alipay, the mobile payments service operated by Ant Group, is seen on a smartphone in Beijing on Monday, July 20, 2020. Ng Han Guan/AP
  • Ant Group, the giant Chinese fintech company, was ready to embark on a historic IPO when China intervened and shockingly ground the event