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Huabei is Ant Financial's virtual credit card for its Chinese users. This impacted Ant Financial’s Huabei and Jiebei online microloan services, since the company could no longer continue to make loans and move them off …

The report shows that 92% of the post-90s, people born between 1990 and 1999, have a surplus with their salary every month, and 80% of the people manage the surplus. By comparing their Yu’e Bao, Alipay’s monetary […]Over 45 million post-90s users in China signed up Alipay’s Huabei or Just Spend for online shopping payment according to a recent report by Alipay. Ant Financial is the world's highest-valued FinTech company, and most valuable unicorn company, with a valuation of US$150 billion. Users of Alipay can set Huabei as their default payment option, meaning that their purchases are first made with credit before funds are debited from their Alipay account. Ant Financial is everywhere in your life, from daily payments, to renting a house to renting a bicycle,” he said. Some internal shareholders estimated that, of Alipay's 900 million Chinese users, more than half have created Huabei accounts. Huabei was launched in April 2015 by Ant Financial as a way for users of its wallet solution Alipay to fund purchases on ecommerce platforms run by Ant Financial’s affiliate, Alibaba group, such as Tmall and Taobao. Merchants offering Huabei can see conversion increase by up to 40%. Huabei is Ant Financial's virtual credit card for its Chinese users. Huabei literally means 'just spend' and is generally perceived as a microlender.With this new feature, Smart2Pay offers its Merchants an additional means to tapping into the Chinese market, besides the popular methods like Alipay, Wechat Pay and UnionPay that Smart2Pay already offers.Smart2Pay offers a single API for all payment services to international Merchants, covering credit card and local payment options throughout the world! By using Smart2Pay, you will be offering the preferred local method of payment to your global Customers, thus significantly boosting your sales!Huabei may be used for all online and offline purchases via Alipay wallet.
Ant Financial Services Group, officially established in October 2014, is an innovative technology provider that aims to bring inclusive financial services to the world. Huabei’s main user base is made up of individuals born after the 80s and 90s, accounting for around 80% of the total users. Ant Financial - A Global Leading TechFin Company. Some internal shareholders estimated that, of Alipay's 900 million Chinese users, more than half have created Huabei accounts. Headquartered in Hangzhou, China, we are the operator of Alipay, an online payment service launched in 2004 which has since evolved into the world’s largest payment and lifestyle platform. Huabei's main user base is made up of individuals born after the 80s and 90s, accounting for around 80% of the total users.

... 1 Relationship balance is defined as the sum of the average balance of Yu’E Bao, Huabei, Jiebei, and annualized insurance premium during January to June 2019. How your refund is processed, the refundability of installment fees, and the time that it takes for the funds to reach your Huabei account or Alipay account, depends entirely on Ant Financial. There is an interest-free period of up to 41 days. Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. The amount refundable to you will be sent to your Huabei account and/or Alipay account in accordance with Ant Financial’s terms and conditions. In March 2019, The Wall Street Journal reported that Ant's flagship Tianhong Yu'e Bao money-market fund was the biggest in the world, with over 588 million users of Ant's mobile payments network Alipay contributing, more than a third of China's population. This payment option serves as a virtual credit card for Chinese online shoppers on Alibaba’s Tmall and Taobao e-commerce sites. Huabei serves as a virtual credit card so that users and enjoy post-payment shopping experience. Huabei was launched in April 2015 by Ant Financial as a way for users of its wallet solution Alipay to fund purchases on ecommerce platforms run by Ant Financial's affiliate, Alibaba group, such as Tmall and Taobao. In addition to the "buy this month, pay next month, long interest-free period" consumer experience, Ant Huabei also introduced the function of Ant Installment, wich which consumers can repay in 3, 6, 9, 12 months' installments.Alipay Huabei, JD Baitiao, Suning Renyifu have the highest penetration of 79% in China's payment installment consumers in the first half of 2020 according to a recent report by 58 Finance in June 2020.When the user shops, he can advance the quota of Huabei and repay the payment on the 9th of the next month after confirming the receipt. Alipay related Huabei is a consumer credit product launched by Ant Financial, allowing a consumption quota ranging from 500 yuan to 50,000 yuan.


The interest-free period can be up to 41 days.China Internet Stats, Trends, InsightsThe China New Economic Research Institute and Alipay jointly issued the first “Post-90s Savings Report” in July 2019.