Alipay Archives - Page 6 of 7

Chinese Internet Giants Are Targeting Housing Rental Market

For the vast number of migrants in China, house rental has been a hard issue. House purchase is faced with many policy constraints and the price is too high to afford the house. So for them, renting seems to be the only option available. For the vast number of migrants in China, house rental has […]

Ele.me is Now Available on Alipay’s Home Page

On October 16, Ele.me announced it would run food-delivery service on Alipay and Koubei, preceded by its consolidation of Baidu’s food delivery unit—Baidu Takeout. Meanwhile, food delivering is changed into “Ele.me Takeout” on the front-page of Alipay’s app, making Ele.me one of the 11 original applications on Alipay home page interface. A while ago, Takeout […]

Alipay Launched Credit Rent

On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]

Chinese Tourists Purchase a Lot with Alipay and 70 Japanese Banks have Decided to Fight Back

Today, China’s National Day golden week has become a global golden week. Data estimate that more than six million Chinese travel overseas during this year’s National Day holiday. With the steps of Chinese tourists, many foreign merchants have started to use China’s advanced mobile payment methods. If there is no Alipay or WeChat payment, the […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

More details about Alibaba’s investment in Cainiao

On September 25, in a bid to further fuel the progress of its “new retail” strategy, Alibaba announced that it intends to raise its stake in its affiliate—Cainiao Network and pledged 100 billion yuan investment in next five years to the logistics arm that had already received tens of billions yuan to expedite leading global […]

The Chinese hackers made $3000 by hacking into shared bike accounts

On September 25th, the Shenzhen City Procuratorate arrested two suspects—Yang and Wu—on the suspicion of using third-party software to modify personal accounts on shared bicycles and over 20,000 RMB (around $3000) from 34 different users. It is noticed that shared bicycle companies always launched a variety of promotions and gave out red pockets to users. […]

Alipay is now available at all Chinese Starbucks stores

On September 25, Starbucks and Alipay announced cooperation. Finally, the Starbucks will accept the payment system at over 2,800 of its cafes across China. “The days that we receive complaints from customers at Starbucks are over.” Alipay declared in its official weibo account. Alipay is available at over 3,200 Starbucks stores worldwide “Do you accept […]

JD.com Officially Enters the Real Estate E-Commerce Business

On September 18, Zeng Fuhu, former VP of Sohu net and GM of Sohu Focus, confirmed to All Whether TMT that he officially joined JD.com at the end of July and served as GM of JD.com real estate department. The department, which was recently formed, is now hiring staff. Jd.com will also add a new […]

Ant Financial will launch Face ID for package pickups

On September 14, Alipay and Cainiao Global held the Global Logistics and Supply Chain Conference (GLSC) in Shanghai, and announced that they will provide services for SMEs form the most basic payment to marketing, credit, and finance businesses. At the same time, the Ant Financial will use face recognition technology in the logistics industry, so […]

Beijing’s First Unstaffed Coffee Shop Open for Business But Faces Several Challenges

An unstaffed coffee shop named Youhuan Bar (lit. Friends Bar) opened at the University of International Business and Economics. A reporter from Beijing Business Today (BBT) happened upon the coffee shop on the first floor of a building not far from the fields. The shop is about 10 square meters in area, and is equipped […]

KFC supports facial recognition payment in China now

On September 1, Yum China announced it opened launched a new restaurant concept—KPRO in Hangzhou. KPRO, a subsidiary brand of KFC, provides a younger generation with seasonal menus and modern and immersive dining experience through digital technology. “KPRO prepares innovative, made-to-order, seasonal menus for China’s fast-rising white collars. Meanwhile, tech savvy consumers who are keen […]

Rap of China Brings About Marriage Between Culture and Capital

The average seasonal production cost for a network variety show in China is between 20 and 60 million yuan under the current market conditions. By investing 200 million yuan into a music talent show, iQiyi is taking quite a gamble. Why exactly did iQiyi set its eyes on such a non-mainstream reality show? A guitar […]

Can Jack Ma win the looming war between Alibaba and Amazon?

Can battle-tested and awe-inspiring Amazon and Jeff Bezos beat Alibaba and Jack Ma? A “historical” turning point is seemingly at hand: Alibaba could soon top Amazon in market value. On August 24, by the time the stock market closed, Alibaba’s market value was $445.5 billion, only a limit up away from Amazon’s $455.2 billion. Since […]

JD Finance is separated from JD Group

On the evening of August 14th, JD Group released the 2017 second-quarter earnings report. The financial data of JD Finance didn’t be listed on the reports, which marked the realization of the news— “JD Finance would be separated from JD Group”. With the end of Q2, JD Finance completed the separation, and its finance data […]

Beijing Metro Fully Supports Scanning Code

Alipay’s official account on Weibo announced that Beijing Yitongxing APP was officially launched, and users could buy tickets in the APP and collect tickets from the ticket machine in the subway station. Besides, after September 20, users can directly use the NFC function in the mobile to pass the gate machine. Before, the Beijing metro […]

In China, McDonald’s and KFC are fighting for a larger slice of the domestic pie

After nearly three decades of fighting, the competition between KFC and McDonalds in China is likely to heat up, because of its newly gotten “Chinese” identity. On November 1, 2016, KFC’s parent company Yum! Brands spun off a new company – Yum! China, and was listed on the New York Stock Exchange. Its core business […]

The Chinese Internet model is being pursued overseas

The mobile phone selling like hotcakes in Africa isn’t Samsung nor Apple, but Tecno, a Shenzhen-based telecommunications company in China. According to open statistics, the company holds more than 40% of market shares in the 6 major countries of North Africa. Tecno broke into the African market using two mobile innovations: Dual-SIMs and beauty selfie […]

Tencent, Alibaba fight for share in India’s mobile payment

The war between Tencent and Alibaba has spread to India. This time, they’re wrestling over mobile payments. Indian chat app Hike Messenger, which Tencent invested in last August, recently added a “red envelope” function similar to WeChat’s. WeChat’s “red envelope” function is based on the tradition of “hongbaos” given during special occasions. Users on the […]

Apple’s Peripheral Services Set a New Record in China

On August 2nd, Apple released its Q3 quarterly data, among which, the growth of peripheral services is worth more attention. In Apple’s Q3 data, the revenues of greater China region were $8.004 billion, down by 10 percent of that of $8.848 billion than the same period last year, which stemmed mainly from Apple’s declining sales […]

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