Mobile payment Archives - Page 5 of 5

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 […]

Wechat Pay is Available in App Store and Apple Music

Since August 29, Wechat Pay is available for users in Chinese mainland to purchase in the App Store or subscribe in Apple Music. Users can choose to bind and to use Wechat Pay in related account settings in the App Store or the Apple Music, and choose password-free payment. Users could also set in iTunes […]

Tencent will get rid of the tag as a “game company” by 2020

Abstract: Though Tencent has never been more successful under the glamor of Honor of Kings’ stellar performance, its dependence on gaming industry dropped. The revenue from games to total revenue ratio decreased to 42% in this quarter, while the ratio of the same period last year was 47.9% and the ratio of last quarter 46%. […]

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 […]

ofo will upgrade its locks which “snap open with single touch”

On August 22, ofo announced it has completed the R&D of the brand new smart lock supporting NFC payment and began mass production. The new locks will be released in October. Users can use their electronic devices with NFC function to open immediately ofo bike’s lock, the first smart lock supporting NFC payment in the […]

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 […]

China now has 751 million Internet users

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 […]

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 […]

Cashless society will never appear in China, but a new era has come

It is reported that according to some analysts, China, the first country that used paper banknote in the history, now with the surge in mobile payments, may become the first country that stops using cash. While two years ago, it was Denmark that was predicted to be the cashless country. So, will China be “the […]

Ant Financial Is Going to Release A Malaysian Version of Alipay

On July 24, Ant Financial announced the signing of an agreement with Touch’n Go (TNG), a company directly affiliated with the CIMB Bank. A joint venture company will be formed to provide electronic wallet solutions and other related financial services for local users. In the future, Malaysian people will be able to easily use their […]

Passengers Can Now Order Takeout While Taking the Chinese High Speed Rail with Alipay Integration

According to recent news, starting July 17th, passengers taking the G and D EMU (electric multiple unit ) trains will be able to make meal orders through the 12306（China Railway Corporation’s official website) and its mobile app. After completing an order on the app, the on-train staff will deliver the meal to the designated passenger compartments […]

Apple Gives 50% Discounts, Leads Biggest Apple Pay Promotion since China Entry

On July 13, Apple’s official Chinese website announced its summer promotion, which will see users get as much as 50% off purchases and 50 times points at participating vendors in its biggest campaign since entry to the country. Overall, 29 retailers are participating including Starbucks, Burger King, Wagas, Häagen-Dazs, Lawson and Gap, with some e-commerce […]

Yu’EBao Reserves Reach 1.43T Yuan, Near ‘Big Four’ Banks

Yu’EBao was holding nearly 1.43 trillion yuan at the end of June 2017, up nearly 80 percent from the 0.8 trillion yuan it held at the end of 2016, according to a new report from Alibaba’s Tianhong Asset Management. Its funds increased nearly 300 billion yuan by the end of June, up from 1.14 trillion […]

Beijing Metro Offers Swipe to Ride: Is NFC Going Mainstream ?

Beijing Metro announced a partnership with the Beijing Municipal Administration Traffic Card to launch mobile swipe-to-ride service on June 26. The first phase will will see NFC subway payment available on the subway’s Fangshan Line. Some 160 NFC-capable mobile phones by brands such as Xiaomi, Huawei, Samsung, Nubia, OnePlus and Meizu will support the new […]

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