Fintech In Asia Gains Momentum As Consolidation Continues Says FintekAsia.com
Dalian, China, May 9, 2016 /ChinaNewswire.com/ – Financial technology, e-commerce, and online payments are all booming industries in Asia, especially in the largest markets of China, India, and Japan. From startup fintech incubators in Hong Kong to e-commerce vendor aggregators in Mumbai to huge online payment services in Hangzhou, many banks, traditional industries, and Internet … Continue reading “Fintech In Asia Gains Momentum As Consolidation Continues Says FintekAsia.com”
PBOC Halts Virtual Credit Cards And Mobile Payments In China
The People’s Bank of China has issued an emergency alert to stop the use of virtual credit card products as well as two-dimensional code payments that are often used with mobile devices. Chinese Internet companies like Alipay and Tencent previously launched such services. However, neither company has given any comment on the situation. The emergency […]
Tencent, Business Insider Ink Internet Content Deal For China
Chinese Internet company Tencent and American business technology website Business Insider reportedly signed a cooperation agreement, under which Tencent will become the exclusive content partner for Business Insider in Greater China. With the cooperation, Business Insider’s contents will be recommended to Chinese readers who pay attention to the global financial technology news via Tencent’s media […]
JD.com Publishes E-commerce Open Platform Support Plans
During its first open platform partner conference, Chinese B2C e-commerce website JD.com published four major support plans, covering technology, logistics, service, and finance.
China’s Alipay Targets China’s Rural Areas With Online Payments
Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.
Renren.com To Acquire 56.com For USD80 Million
Chinese social networking site Renren.com has announced plans to acquire the entire stake in 56.com, a Chinese video website, for USD80 million in cash.
Alibaba’s Internet Payment Subsidiary Loses Online Retailer In China
Chinese B2C e-commerce website 360buy.com has published a notice, stating that its cooperation with Alipay.com, the Internet payment subsidiary of Alibaba Group, expired on August 24, 2011, and the company will now stop the use of payment services at Alipay.com.
Alipay.com Teams With Chinese Banks For Convenient Internet Payments
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.
Alipay.com Launches Joint Security Campaign With Chinese Banks
Alipay.com, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks.
Shanghai’s Internet Cafe Industry Gains First Financial Support From Bank
The Shanghai Internet Cafe Industry Association and Bank of Hangzhou have reached an agreement to launch a joint guarantee loan program for Internet cafe operators in Shanghai, according to information from the official website of Shanghai Municipal Administration of Culture (Radio), Film & TV.