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Ant's hit product Alipay, a digital wallet designed for settling payment on shopping sites of Alibaba Group Holding Ltd, has now extended new functions like lending, credit-scoring and on-demand services that many of its 870 million users globally rely on.

Ant Financial is an affiliate of China's e-commerce giant Alibaba. Alipay is one of China's two biggest e-payment platforms, with more than 1 billion annual active users. It was valued at 0 billion after raising about billion its latest round of private fundraising activities in 2018.

Any engagement with Pakistan would require an end to cross border terrorism.

Apart from JD Logistics, Liu said JD Finance, a financial subsidiary of JD, will apply for financial service licenses if there is a need in the future.

Another 106.02 billion yuan was lent to financial institutions through the standing lending facility to meet provisional liquidity demand.