It’s been a good year for Alipay, according to Ant Financial CEO Jing Xiandong. In the last 12 months, Jing announced at Alibaba’s ongoing Investor Day conference, the payment platform has gained over 200 million domestic active users.

In May of this year, Ant Financial also finished up a round of Series C equity financing to the tune of $14 billion, setting a world record for private fundraising and bringing its total valuation up to $150 billion.

Jing made his announcement at the third Alibaba Investor Day of the year, held again in Hangzhou. The event brings together representatives from over 500 investment and analyst groups, including asset management companies BlackRock and Baillie Gifford, Capital Research Global Investors, and more.

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Bailey Hu

Bailey Hu is based in China’s hardware capital, Shenzhen. Her interests include local maker culture, grassroots innovation and how tech shapes society, as well as vice versa.