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WeChat Tests Family Member Virtual Credit Card Payment Function
Lieyunwang, 6/12/18
Tencent's (0700.HK) WeChat mobile messaging app has added a "kinship card" function to its in-app mobile wallet. Read More
Bank of Lanzhou ATMs Support WeChat and Alipay Scanning to Withdraw Cash
Bank of Lanzhou, 9/04/17
The Bank of Lanzhou now allows customers to withdraw money from ATMs by using Tencent's (0700.HK) WeChat mobile messaging app or Chinese third-party payment processor Alipay to scan an automatically generated QR code. Read More
Credit Card Management App 'U51.com' Wins USD 84 Mln Series C+
Sina Tech, 10/26/16
Hangzhou-based Enniu Network Technology, developer of credit card management app U51.com, has won USD 84 mln Series C+ funding from Harvest Fund Management and Chinese department store chain Intime Retail (1833.HK). Read More
Meituan-Dianping Acquires Third-Party Payment Solution Provider QiandaiPay
iFeng Finance, 9/26/16
Meituan-Dianping, the company formed by the merger of Chinese group buy site Meituan.com and online ratings and group buy site Dianping, recently announced that it had completed its acquisition of Qiandai (Beijing) Information Technology, operator of internet payment solution QiandaiPay. Read More
Credit Card Management App 'U51.Com' Wins USD 310 Mln Series C
Ebrun.com, 9/20/16
Hangzhou-based Enniu Network Technology, operator of credit card management app "51 Credit Card Manager" (U51.com), has announced at a press conference the completion of USD 310 mln Series C funding, giving the company a post-money valuation of USD 1 bln. Read More
Xiaomi to Launch Mobile Payment Service Mi Pay with Bank Card Support
Sohu IT, 8/30/16
Chinese Android device maker Xiaomi recently announced that it will hold a press conference on September 1 to launch its near-field communication (NFC) mobile payment system Mi Pay, developed in partnership with Chinese cross-bank transaction processor China UnionPay. Read More
Alipay Introduces Tiered Account System Based on Identity Verification Status
Ebrun.com, 6/29/16
Chinese third-party payment processor Alipay recently launched a tiered account management system that will assign different privileges and payment limits to different account classes based on the degree to which the account holder has verified their personal information. Read More
JD Finance, Everbright Bank Release Multi-currency Credit Card
Xiancn.com, 3/28/16
JD Finance, the online financing and retail investment platform operated by Chinese B2C e-commerce platform JD.com (Nasdaq: JD), recently partnered with China Everbright Bank to launch a jointly branded credit card, a multi-currency card with no annual fees, called the Everbright Xiaobai Card. Read More
JD Finance Launches Online Cash Lending Service 'Jintiao'
TechWeb, 3/27/16
JD Finance, the online financing and retail investment platform operated by Chinese B2C e-commerce platform JD.com (Nasdaq: JD), recently launched its first online cash lending product, "Jintiao." Read More
P2P Online Finance Site Jimubox Unveils U.S. Stock Trading Product
Jimubox, 12/17/15
Beijing-based Lerong Duoyuan Information Technology, operator of online P2P financing website Jimubox, recently announced several new financial products, including a US stock trading product, as well as its intention to operate a comprehensive financial management platform under a new company strategy. Read More
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