Globe Telecom Chairman Jaime Augusto Zobel de Ayala together with Globe President and CEO Ernest Cu led the company’s 120 key executives in doing extensive immersions at Alipay, Alibaba and Huawei Technologies last January 2018 at Hangzhou, China. The immersions provided unique opportunities for Globe to understand new digital technology developments, holistic market applications of financial technology, scaling up e-Commerce play and 5G technologies.
Hangzhou is the capital city of Zheijang Province in east China, and an emerging technology hub. Hangzhou serves as the headquarters for the Alibaba group, the world’s largest retail e-commerce company, which introduced cashless payment to the city. Hangzhou is now considered by many of its citizens as a cashless society.
Alibaba’s financial technology subsidiary Ant Financial Services Group, operates Alipay, a leading online and mobile payments platform with over 520 million users. Launched in 2003 in Hangzhou, Alipay transformed the city into a cashless city through its QR code payment technology.
Huawei is a leading global information and communications technology solutions provider, supporting operations of over 1,500 networks in over 170 countries and regions. Hangzhou is home to Huawei Global Training Center, offering Information and Communications Technology (ICT) learning, and capability development for partner operators.