Globe Telecom chairman Jaime Augusto Zobel de Ayala, 59, and president and chief executive officer Ernest Lawrence Cu, 55, were recently in Hangzhou, Zheijang, Chin. They led the company’s 120 key executives in doing extensive immersions at Alipay, Alibaba and Huawei Technologies in the city in January 2018.
The immersions provided unique opportunities for Globe to understand new digital technology developments. The participants studied holistic market applications of financial technology, scaling up e-Commerce play and 5G technologies.
Hangzhou is an emerging technology hub and considered by many of its citizens as a cashless society. The city serves as the headquarters for the Alibaba group, the world’s largest retail e-commerce company, which introduced cashless payment to the city.
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, which offers information and communications technology (ICT) learning and capability development for partner operators.
Since March 1989, Zobel has been the director of Globe Telecom, which was founded in Manila, Metro Manila, Philippines on January 15, 1935. The company is headquartered in Bonifacio Global City, Taguig, Metro Manila.
CONAN Daily 