Tag

China

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…

Rumor: Apple Pay to be available in China by February, before Samsung Pay

The race between Apple and Samsung in launching their respective mobile payment service is on. According to The Wall Street Journal, people familiar with the matter claim that Apple will be launching Apple Pay in China by early February next year. Apple reportedly has signed deals with China’s big four…

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.…

Sina to launch online banking platform

Chinese internet company Sina has revealed plans to release an online banking platform in September 2013.   The new service, dubbed WeiBank, will allow consumers to make financial transactions, complete bank transfers, make remittances, manage credit card and perform other money-related tasks online.   Sina has yet to disclose specific details of…