Economics
Alibaba Financial Arm to Boost Apps as China Net Users Go Mobile
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Alibaba Group Holding Ltd.’s financial affiliate plans to add functions to its mobile apps as users in China increasingly access the Internet from smartphones and tablets.
The financial arm of China’s biggest e-commerce company will also introduce fund products and promote a cloud-computing service, said Lucy Peng, chief executive officer of Alibaba Small & Micro Financial Services Group that includes the Paypal-like third party payment system Alipay.com Co.