TagMobile payment

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…

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…

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…

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…

Tencent and Alibaba reached an agreement on music copyright cooperation and granting exclusive music licensing rights to each other. This cooperation casts a massive shadow on another popular music streaming app in China—NetEase Music. With its IPO drawing near and the recent news of its new round of financing (worth about 300 million USD), Tencent…

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…

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…

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…

Recently China Internet Network Information Center (CNNIC) released the 40th China Statistical Report on Internet Development (hereinafter referred to as "Report") in Beijing. The Report shows that by June 2017, the number of Internet users in China had reached 751 million, accounting for a fifth of global netizens. The Internet penetration rate was 54.3%, surpassing…

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…