Vancouver, Canada – (Feb 20, 2020)–AlphaPay donated to Wuhan throughVancouver Young Elite Association to purchase medical materials.
The virus makes many unfortunate people suffer from the menace of illness and confront the fear of death. To hearten the people of Wuhan and make a contribution to the fight against the virus, many Chinese Canadian companies showed our strongest support. Constant warm actions and kind words from the people in Canadian society showed us to believe that there are no dilemmas that can not be broken through by a large and cohesive country with a population of 1.4 billion.
A total of over $40,000 through this event, and this money will be used to purchase medical materials from overseas and will be scheduled by air to the hospitals in Hubei province.
Alibaba created a $144 million fund to buy medical supplies for Wuhan and Hubei province, the epicenter of the virus outbreak, and it’s offering AI computing power to research organizations searching for a vaccine or treatments.
Tencent, another Chinese giant, founded a $42.7 million fund for medical supplies for Wuhan.
AlphaPay is a major influencer in the borderless payment technology space in Canada. As a forward-thinking FinTech company, AlphaPay has developed and distributed payment technology services to bridge the gap between North American businesses and 1.1 billion users of Alipay, WeChat Pay, and UnionPay through borderless payment technology. For more information: www.alphapay.com
Launched in 2004, Alipay currently has over 450 million active users. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, make appointments with doctors, buy movie tickets, pay utility bills or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 2,000,000 brick-and-mortar merchants now accept Alipay across China. As of October 2016, Alipay is supported in 70 overseas markets, with in-store payments covering more than 100,000 retail stores, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 40 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay supports the settlement of 18 currencies. For more information: https://intl.alipay.com/
Tencent(WeChat) and Alibaba workers stay home working
More than half of foreign companies in Shanghai surveyed fully resumed production as the Chinese government ramped up efforts to fight the novel coronavirus and help enterprises resume normal operations, an industry association said.
The Shanghai Association of Foreign Investment found, based on a survey over 54 foreign enterprises in Shanghai, that over 30 percent of the surveyed enterprises partially resumed production while more than 10 percent had not reopened yet.
On Tuesday, Chinese health authorities confirmed 97 new deaths and 2,015 new cases infected by the novel coronavirus, officially named as COVID-19 by the World Health Organization, bringing the death toll to 1,113 and the total confirmed cases to 44,653 on the Chinese mainland.
To stem the spread of the virus, many Chinese cities including Shanghai, home to nearly 50,000 foreign companies, resumed operations with caution by extending the Lunar New Year holiday and postponing the resumption of work until Feb. 10.
According to the survey, telecommuting has been widely implemented by foreign businesses to resume operations while reducing close person-to-person contact.
A total of 13 surveyed foreign enterprises including Denmark-based toy marker LEGO and German auto manufacturer BMW resumed production but had their employees work remotely, said Huang Feng, head of the SAFI.
Foreign companies partially resuming operations also applied more flexible work arrangements with frontline workers heading for their workplaces and other staff working remotely, according to the survey.
Dear AlphaPay Merchants and Partners,
Please note that banks in Mainland China will suspend settlement from January 24 to January 30, 2020 due to the Chinese New Year Holiday. Transactions that take place during this period will be cleared on January 31, 2020.
Other AlphaPay services, including but not limited to payment and refund will NOT be affected by the suspension of settlement.
Thank you for your understanding and support. Feel free to contact AlphaPay if there is any questions please!