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Alibaba

Alibaba to launch online payment platform AliPay in Canada

Alibaba Group has announced that the online payment platform AliPay will officially launch in Canada through a partnership with Snap Pay.   Due to this announcement, Canadian retailers will start accepting Chinese currency from Chinese shoppers this week. More than 450 Canadian merchants are said to already accept AliPay in an unofficial capacity. Chinese consumers visiting Canada will…

China targets mobile payments oligopoly with clearing mandate

China’s central bank has ordered online payment groups to operate through a centralized clearing house, a move likely to undercut the dominance of Ant Financial and Tencent by forcing them to share valuable transaction data with competitors.   China is the world leader in mobile payments, with transaction volumes rising…

Tencent opens its credit rating system

Tencent has opened its credit scoring system to limited group users on QQ, WeChat’s older sibling.   This marks a big step forward for Tencent:  not only does this fill in a glaring gap in their product lineup, it also puts them in direct competition with Alibaba’s Sesame Credit.   According…

Tencent’s WeChat Pay plans to offer payment services in Malaysia

Tencent has applied for a license in Malaysia to offer local payment services via its WeChat Pay, reports Reuters.   If approved, users in Malaysia will be able to link their local bank accounts to WeChat Pay and pay for goods and services in ringgit.   WeChat Pay and Alibaba Group’s affiliate…

Alibaba Cloud to open data centres in India, Indonesia

Alibaba Cloud, the cloud computing branch of China-based ecommerce company Alibaba, has unveiled plans to open data centres in Mumbai and Jakarta.   The expansion into Indonesia follows the country’s 1,000 Start-ups Movement initiative to establish 1,000 new ventures by 2020 with a target valuation of USD 10 billion.  …

China holds 40 percent of total global ecommerce transactions

China remains the largest global eCommerce market in terms of trading value, accounting for over 40% of the total transactions.   Transactions through eCommerce platforms have reached CNY 26.1 trillion (USD 3.8 trillion) in 2016, increasing by 19.8% from 2015, according to a Sina news report citing data from the…

Alipay users’ number has doubled, Ant Financial claims

Ant Financial, the payment affiliate of Alibaba, has claimed that its number of daily active users doubled in 2016. So far, the company has not yet disclosed data about the total number of active daily users, but it has reported that over 450 million people use its Alipay service for…

Alipay to launch in the US

  Alipay, the mobile payment system offered by Alibaba, has announced is coming to the US, thanks to a deal brokered with First Data. The expansion follows limited trials in California and New York, and will bring Alipay into direct competition with Apple Pay, Android Pay, and PayPal. Alongside online…

China to ban drone delivery in urban areas

Is drone delivery the future of ecommerce? That’s an open question, but the concept looks to be taking a big blow in China this month, with authorities slated to roll out regulations that will reportedly ban urban drone delivery.   Currently, drones exist in a relatively unregulated space in China.…