China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, announced it now enables Chinese users t...
Alibaba Group is one of the largest internet companies in the world. Headquartered in Hangzhou, China, Alibaba generated a revenue of US$6.5 billion for the first nine months of fiscal year 2013, with a net profit of US$2.85 billion. Its businesses include Alibaba, a B2B trading platform, Taobao, an eBay-like C2C shopping site, and Tmall, a B2C shopping portal. Alibaba also has its own payment platform, called Alipay, which has no transaction fees. The company was founded by Jack Ma, then an English teacher, in 1999.
Lights, camera, acquisition.
The shift to mobile-only is optional for now, but an Alibaba representative tells Tech in Asia that two million merchants have already opted for this.
China's tech titans used to trample local startups, but now they're offering funding as they seek out partnerships.
Gobi’s latest fund is anchored in Singapore, and its partners have been talking to a number of Indian entrepreneurs who have shifted their base to the business-friendly island.
Alibaba's Aliyun wants to help startups enter the cloud era with a massive new incubation program that has dozens of powerful partners.
Big demand for leftover treasure.
Earlier this week, we saw Tencent join up with Foxconn and China Harmony with the aim of producing smart electric cars. But Tencent is far from the only Chinese internet company entering this space. I...
Regulators in Hangzhou are looking to clamp down hard on C2C ecommerce sellers who are manipulating online shopping platforms to boost their sales and take down rival shops.
China needs at least a few brave – and preferably well-funded – companies to kickstart its VR market, else risk falling behind.
Soon you can buy stuff on Taobao with your mug.
Sometimes bitter rivals can be bedfellows, too.
Dianping, a Chinese amalgamation of Yelp and Groupon, will soon complete a US$850 million funding round, according to QQ Tech.
Weibo, China’s Twitter-like social network, continues to grow – albeit slowly. Weibo ended 2014 with 175.7 million monthly active users (MAUs).
China’s market regulator said today that the government will regulate ecommerce more strictly in an upcoming clampdown on counterfeit products and poor customer service.
Alibaba recently led a US$60M round in Quixey, an ambitious startup aiming to redefine mobile search. But the two firms' relationship goes far beyond funding.
Here’s the weirdest China ecommerce news so far this year – and possibly all year: Amazon just opened up a store on Alibaba’s marketplace, Tmall.