Business Wire

Alipay Unveils RMB 1 Billion Initiative to Support Women’s Football in China

Share

Alipay, the world’s leading payment and lifestyle platform, today announced an unprecedented initiative to support the long-term development of women’s football in China, committing RMB 1 billion over the next decade on a wide array of areas to make the sport more sustainable and accessible to girls and women across the nation.

The initiative is funded primarily by the Alipay Foundation, a charitable organization dedicated to promoting social inclusiveness. Other contributors include the Jack Ma Foundation and Joe Tsai Foundation (PRC). The funds will be allocated in four main areas to provide comprehensive, long-term support: performance improvement of the China Women’s National Football Team; injury prevention and treatment, and career development of retired footballers; technical development and coach education; and youth development. The use of funds will be jointly managed by the Alipay Foundation, Jack Ma Foundation, Joe Tsai Foundation and the Chinese Football Association.

The initiative is an extension and expansion of Alipay’s two-year-long program to support girls’ football in Qiongzhong Li and Miao Autonomous County, Hainan Province, where several girls are enrolled in national youth teams. It is also supported by Alipay’s mission to bring more equal opportunities to the world.

“Over the past two years, I’ve seen from the girls in Qiongzhong that football has brought them more than just physical fitness and technical skills. It has also opened doors for them to more life options and opportunities, as well as tenacity and fighting spirit,” said Eric Jing, Chairman and CEO of Ant Financial Services Group, an affiliate of Alibaba Group and the operator of Alipay. “This has strengthened our determination to expand our support and enable more development and innovation in women’s and girls’ football in China.”

Separately, the Alipay Foundation also announced The Wind Rider Project, an initiative dedicated to supporting girls’ football in rural China.

“We are very grateful for Alipay’s unprecedented, 10-year commitment to women’s football in China. Women’s football is not just a sport, but also a powerful social cause that encourages girls and women to pursue their dreams and ambitions,” said Cai Yong, Executive Committee Member of the Chinese Football Association.

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s leading payment and lifestyle platform. Launched in 2004, Alipay currently serves over 1 billion users with its local e-wallets partners. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, 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. Alipay’s in-store payment service covers over 50 countries and regions across the world, and tax reimbursement via Alipay is supported in 35 countries and regions. Alipay works with over 250 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 currently supports 27 currencies.

About Alipay Foundation

Founded in April 2019 by Ant Financial Services Group, the Alipay Foundation is a charitable organization dedicated to harnessing technology to resolve social issues and bringing more inclusive and equal opportunities to the world. The Foundation focuses on such issues as green and sustainable development, dismantling barriers to gender equality and bringing more development opportunities for women.

About Jack Ma Foundation

The Jack Ma Foundation is a charitable organization started in 2014 by the Founder and Executive Chairman of Alibaba Group. The Foundation aims to promote human potential and the protection of the environment. From education to environment issues, public health and personnel development, the Foundation intends to raise social awareness and foster responsibility to cultivate an innovative and sustainable model for the development of a better world. For more information, please visit: http://www.jackmafoundation.org.cn.

About Joe Tsai Foundation (PRC)

The Joe Tsai Foundation (PRC) was established in 2018 by the Co-Founder and Executive Vice Chairman of Alibaba Group Joe Tsai. With an emphasis on education and sports, the Foundation's mission is to inspire young people to pursue a life of health and well-rounded development. Through empowering young people with skills and the right values, the Foundation promotes economic mobility and enables them to contribute as active members of society.

Contact information

Media Enquiries:
Jing Yang
yj196672@alipay.com
+86 14716036560

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

New Research Reveals Disparity in Expectations in PSD2 Awareness Between European Retailers and Shoppers15.10.2019 23:01:00 CESTPress release

Leading eCommerce solution provider, Riskified, announced today a new European-wide study revealing a staggering disparity between retailers’ and online shoppers’ awareness of the Payment Services Directive 2 (PSD2). The survey of 2,000 consumers and 200 retailers, with respondents evenly split across the UK, Germany, France, and Spain, found that nine out of ten retailers (88%) believe consumers are ‘somewhat’ or ‘very aware’ of PSD2. However, more than three-quarters (76%) of consumers report that they haven’t even heard of it. The implementation of the regulation is set to add new security measures for all online transactions over €30. This means that for most online transactions, consumers will need to undergo multi-factor authentication to verify their identity, such as entering a code received via their mobile phone, providing biometric data such as a fingerprint, or other forms of authentication. Commenting on the findings, Eido Gal, Co-Founder and CEO, Riskified, said: “Fraud i

Dubai World Challenge for Self-Driving Transport Winners Announced for Prizes Worth USD 5.1 Million15.10.2019 20:12:00 CESTPress release

Dubai World Congress for Self-Driving Transport; organised by Roads and Transport Authority (RTA) Dubai on 15th and 16th October 2019 has attracted more than 700 technology leaders and innovators as well as 3000 visitors of the accompanying exhibition. The congress focuses on cutting-edge technologies, besides discussing and developing a general legislative structure for autonomous transport. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015006107/en/ Winners of the Dubai World Self-Driving Transport Challenge (Photo: AETOSWire) The event is part of RTA’s efforts in support of the strategy unleashed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to make 25% of all trips in Dubai smart and driverless by 2030. The congress attracted 80 international experts, including five keynote speakers, who will be taking part in 40 lectures and 39 technical workshops. The

Norwegian Video Trailblazers Create Neat to Change the Game with Zoom15.10.2019 16:00:00 CESTPress release

Today at Zoomtopia 2019, Neat, a trailblazing Norwegian startup, launched its portfolio of meeting room systems designed for Zoom Video Communications, Inc. (NASDAQ: ZM). Neat's video devices are built from the ground up and developed in close partnership with Zoom. The systems are as easy to buy and set up as any consumer product, while providing complete enterprise-grade management and security. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005773/en/ Zoom Video Systems by Neat (Photo: Business Wire) Neat's systems embrace breakthrough technology to eliminate the complexities of video in meeting rooms, along with simplifying the entire user experience. The company has reimagined every aspect of the Zoom Rooms customer journey, including how people buy, install, use and manage its products. Based in Oslo, Norway (aka "Video Valley”), Neat has offices in the US, UK, and Taiwan. Although the company is new, Neat’s team

The success story of the Aloe Vera Drinking Gel by LR Health & Beauty continues15.10.2019 15:23:00 CESTPress release

LR Health & Beauty is further expanding its Aloe vera product portfolio with its new product Aloe Vera Drinking Gel Immune Plus. The development and manufacturing of Aloe vera products has been one of the core competences of the global direct sales company for more than 17 years. True to the motto "More quality for your life", LR now presents Immune Plus as a premium product to support the immune system. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005834/en/ The success story of the Aloe Vera Drinking Gel by LR Health & Beauty continues (Photo: Business Wire) The Aloe Vera Drinking Gels have been LR’s bestsellers since 2002. They offer support in different life situations and are available in various flavors. The special feature of Immune Plus is the synergetic interaction of the ingredients – 85% Aloe vera leaf gel with 8% honey, 6% ginger juice and lemon juice, enriched with vitamin C, zinc and selenium – which ha

International Experts Invited to Attend Riyadh’s Sustainable City Symposium15.10.2019 14:49:00 CESTPress release

The Royal Commission for Riyadh City (RCRC), formally known as Riyadh Development Authority, has invited international experts to participate in a Symposium setting out the next chapter in Riyadh’s development as a sustainable city, one that will enhance the lives of its citizens, while finding solutions to the difficult challenges facing all cities across the world today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191015005797/en/ International Experts Invited to Attend Riyadh’s Sustainable City Symposium (Photo: AETOSWire) ‘Riyadh’s Sustainable Future’ Symposium will take place on November 12 & 13, 2019 in Riyadh and will focus on four of the capital’s most ambitious projects, launched by King Salman bin Abdulaziz Al Saud, and stemming from an initiative from Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince. These four projects are transformative and will help to establish Riyadh as one of the most li

Mundipharma presents wealth of data for Penthrox®▼ (methoxyflurane) at EUSEM Congress, demonstrating superiority compared to standard of care in trauma pain in adults15.10.2019 14:05:00 CESTPress release

FOR EUROPEAN MEDICAL AND TRADE MEDIA ONLY Mundipharma presents new data for the inhaled analgesic Penthrox ® (methoxyflurane)6 at the European Society for Emergency Medicine (EUSEM) Congress 2019, from 12–16 October. Five abstracts are being presented, advancing the understanding of the use of methoxyflurane in the treatment of moderate to severe trauma-related pain for adults in emergency settings in Europe: MEDITA Study1 #18647: the first study to directly compare the effectiveness of methoxyflurane to standard analgesic treatment (SAT) – IV morphine for severe pain, and IV paracetamol or ketoprofen for moderate trauma pain in Italy. Methoxyflurane was superior to IV morphine (severe pain) and IV paracetamol or IV ketoprofen (moderate pain) for the primary endpoint, defined as the change in pain intensity over the first 10 minutes (overall adjusted mean treatment difference: 5.94mm; 95% CI: 8.83, 3.06mm) following pain treatment administration.1 Methoxyflurane was rated as ‘excellent