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China UnionPay, 20 Banks Launch Virtual Payment Card 'Cloud QuickPass'
Tencent Tech, 12/14/15
Chinese banking network China UnionPay recently announced that it will ally with over 20 merchant banks to launch a virtual payment card called Cloud QuickPass. Read More
Rumor: Alibaba in Talks to Acquire PPTV
Tencent Tech, 6/03/13
According to a number of Chinese-language tech blogs, e-commerce conglomerate Alibaba Group has entered into discussions to acquire Chinese P2P streaming video platform PPLive (PPTV) as the latter's negotiations with internet firm Sohu (Nasdaq: SOHU) have stalled. Read More
360Buy Obtains RMB 5 Bln in Credit for Supplier Financing
Ebrun, 11/28/12
Beijing-based B2C e-commerce firm 360Buy has officially disclosed details of its "Supply Chain Finance Service," announcing it has secured over RMB 5 bln in credit lines from Bank of China, China Construction Bank, Communications Bank of China, Industrial and Commercial Bank of China, China Merchants Bank, and Huaxia Bank. Read More
Suning Allies with 8 Banks to Promote Credit Card Purchasing
Netease Tech, 1/13/09
Consumer electronics and home appliance retailer Suning (002024.SZ) has revealed that over the next month, it will partner with eight banks, including the China Merchants Bank, CITIC, the Industrial and Commercial Bank of China, China Minsheng Bank, the Bank of Communications, and Everbright Bank, on testing credit purchases at Suning's 50 Beijing stores. Read More
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