Startup in Shanghai Poised to Solve Cross-border Payment Problems and Boost International Trade

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XTransfer, based in Shanghai, China, aims to solve cross-border payment problems for over 100,000 of China’s smaller importers and exporters playing important roles in the national economy in spite of challenges posed by the pandemic and trade disputes.

XTransfer was founded in 2017 by several Alibaba employees and works with banks to set up a globally unified B2B (business to business) financial network and intelligent risk management system. 

Learn more here.

Startup Entrepreneurs Take On The World

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Are you a relatively new entrepreneur (newpreneur)? Do you have a start-up story to tell that will blow people's mind because it's that amazing and important?

Then you should take a look at Alibaba's (microsite here) Newpreneur of the Year program which affords you a chance to take home a share of $100,000 in business grants.

It's simple: share your story in a short essay on why you should be the Newpreneur of the Year; join Alibaba for an inspiring discussion and dialogue among experts (e.g, Tom Peters) and peers and celebrate the excitement around entrepreneurship. Top Grant=$50,000, Second Grant=$25,000. Third Grant=$15,000 and two Fourth Grants=$5,000.

Alibaba (China-based) claims it is the world's largest online B2B marketplace.

Deadline for the contest: August 14, 2009.

Apply here.