Rich Turrin

Industry Leader in fintech and digital transformation

Why the Alipay Headlines Get it Tragically Wrong

There is a real cost to the sensational reporting of all things happening on China’s tech front.  Front and center in the reporting is Ant Group and its Alipay subsidiary. It seems that not a day goes by without a headline claiming that China is nationalizing or destroying Ant.

Frankly, what many of these headlines show is a desire to believe that today’s China is no different than the one depicted in James Bond movies of the 60’s. As though time and China stood still.

 

The hysteria surrounding all things China these days is quite shocking and painful for me. I genuinely want better relations between China and the West, and it saddens me to see every conceivable move made by Chinese regulators spun as evil and nefarious.

 

AlipayHeadlines 1.0

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By Rich Turrin

About Rich Turrin

Rich Turrin is the international best-selling author of “Cashless - China’s Digital Currency Revolution” and “Innovation Lab Excellence.” He is an Onalytica Top 100 Fintech Influencer and an award-winning executive previously heading fintech teams at IBM following a twenty-year career in investment banking. Rich is a leading media commentator and advisor on China's digital currency and tech scene. Living in Shanghai for more than a decade, Rich experienced China going cashless first-hand.

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