Ripple’s China Expansion
Two years or so ago, Ripple Careers page listed China Country Manager. The position was never filled. Now Ripple lists a new China job offer for Customer Senior Success Manager China.
It’s unclear whether Ripple maintains an own base in China at this stage. In 2018, Hong Kong-based LianLian joined RippleNet to provide faster payments into China. Most likely the new China position reports to its Asia-Pacific headquarters in Singapore, Ripple’s fast growing market spearheaded by Brooks Entwistle, Ripple VP and Managing Director APAC & MENA (Asia-Pacific & Middle East and North Africa).
Also in 2018, Ripple partner American Express received approval from Chinese regulators for its global payments platform. This development was made possible via a joint venture with LianLian. China’s approval marked the first time an American company was given direct access to the Chinese e-commerce market, which by now is the world’s biggest.
Ripple and American Express partner LianLian processes billions in payments between merchants and consumers including major online retail sites, such as Amazon, Ali Express and eBay – making it one of the largest money service companies serving China’s massive e-commerce market.