How many offline retailers in China's consumer-facing industries actually accept online payments? A recent survey of Wuhan businesses shows the answer is not ma...
Ecommerce titan Alibaba is forming a RMB 6 billion (US$970 million) joint venture company to focus on web-connected on-demand services, such as food delivery.
Ant Financial and the whole Alipay business was not part of Alibaba’s record-breaking IPO last year.
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, ...
April Fools' Day has everyone at Tech in Asia a bit paranoid about getting duped by fake stories.
Soon you can buy stuff on Taobao with your mug.
During the 24-hour period of Chinese New Year’s Eve, users of the Alipay Wallet app gifted a lot of cash to their buddies and family members.
Alibaba and Tencent ramped up the taxi-booking battle in China by incorporating the startup services in their own mobile apps.
What could go wrong when you're giving away free money? Quite a lot, as Alibaba's Alipay discovered yesterday.
This year, Tencent announced plans to unleash 500 million red envelopes full of cash and another 3 billion virtual coupons to WeChat users over a 10-day period.
China's ecommerce giant wants in on India.
China's WeChat has just shut down sharing connections between WeChat and a number of Alibaba apps, including Alipay's red envelope service.
Wanda Group, the brick-and-mortar conglomerate that formed a US$814 million joint venture with Baidu and Tencent, bought a stake in online payment firm 99Bill.
Lei Jun’s share of Xiaomi is worth US$31 billion to US$38.9 billion, well above Ma and somewhere in the range of Facebook founder Mark Zuckerberg.
Alibaba announced China’s biggest online payment system and online marketplace launched their channels for Australian merchants to sell their goods in China.
V-Key gains an important new customer in China's largest online payment processor.
The Alibaba-affiliated payment processor is launching a ePass, which provides western ecommerce site with access to Chinese shipping and logistics services.
This poor showing might be the result of unstable market conditions.
The Chinese ecommerce giant continues to get serious about entering the banking sector.
Two of China's internet giants are already investing money to merge their e-commerce businesses with the country's retail vendors.
Tencent’s and Baidu’s $814M joint venture with Wanda signals the coming tide of in-store WeChat payments
China's largest tech corporations are rushing to penetrate an industry that's historically not tech-savvy - brick-and-mortar retail.
Alibaba has an edge in terms of the number of merchants already on board its Taobao marketplace, but WeChat has an advantage in its huge mobile userbase.
GMO Internet Group is the Japan leader for online payments, web hosting, cloud storage, online security, and domain names.
Yuebao now holds RMB 574 billion (US$92 billion) in assets. That makes it the fourth-largest money market fund in the world.
Alipay, China’s popular third-party payment service from tech giant Alibaba, will now be integrated onto Rakuten Global Market, the international e-commerce bra...
Happy April Fools’ Day, everyone! We’re celebrating with a list of today’s best stunts by tech companies all around Asia. Some of them look like they took quite...
Mobile commerce, online savings funds, and QR code-based m-payments are all under threat in China right now. The People’s Bank of China (PBoC) clamped down on t...
Tencent (HKG:0700) is the world’s fourth largest web company, and Alibaba is on the verge of history’s largest tech IPO. Both of these behemoth companies occupy...
Late last week, the People’s Bank of China (PBoC) moved to curb the rapid growth of online payments by banning in-person payments made using QR codes, as well a...
WeChat and Alibaba hit roadbumps as China bans online payments made using QR codes, virtual credit cards
The People’s Bank of China (PBOC) issued an edict late yesterday that bans two particular things: epayments made via QR codes, and online ‘virtual’ credit cards...