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JD.com's 7Fresh Opens First "Seven Fun" Lifestyle Space + Convenience Store
JD.com, 12/24/19
Chinese B2C e-commerce platform JD.com (Nasdaq: JD)'s 7Fresh fresh food supermarket chain launched the first of its Seven Fun lifestyle spaces today in Beijing. Read More
NetEase to Launch Cross-border E-commerce Collections Platform
Tech.163.com, 9/21/18
Chinese internet company NetEase's (Nasdaq: NTES) subsidiary third-party payment platform "epay.163.com" will soon launch a cross-border collections business. Read More
Today's Headlines Launches Applet Function
Techweb, 9/18/18
Online and mobile news portal platform Today's Headlines, operated by Beijing-based Bytedance Technology, recently announced a new in-app applets function, following the release of applet functions by other platforms such as Tencent's (0700.HK) WeChat mobile messaging app, Alibaba's (NYSE: BABA) third-party payment platform Alipay, and search giant Baidu (Nasdaq: BIDU). Read More
Cross-border E-commerce Payment Platform PingPong Wins RMB 9-digit Series C
iYiou.com, 9/18/18
Hangzhou-based third-party cross-border payment company Pingpeng Intelligent Technology ("PingPong") recently announced that it has secured RMB 9-digit Series C funding from Sinowisdom Asset Management and other investors. Read More
Alipay, Taobao Testing Group Buy Function to Rival Pinduoduo
Cnstock.com, 8/07/18
Chinese third-party payment processor Alipay and Alibaba Group's (NYSE: BABA) C2C e-commerce site Taobao recently partnered to launch a new group buying function, which can now be accessed through a link at the bottom of the Alipay main page. Read More
Pinduoduo Angling to Indirectly Acquire Third-Party Payment License
IT Times, 8/07/18
Chinese group buy app Pinduoduo (Nasdaq: PDD) is reportedly seeking to obtain a third-party payment license indirectly from Shanghai-based electronic bill presentment and payment platform operator FFT Information Service. Read More
Offline Stores to Adopt JD Daojia's Self-service Cashier System
Pintu, 7/19/18
Chinese B2C e-commerce platform JD.com's (Nasdaq: JD) O2O local life services app JD Daojia recently announced that its self-service checkout system "Qingsong Gou" (literally "Easy Buy") will be supported by more than 100 partnering retailers including Lvdi Jing Xuan, Fuban, and Xianfeng Shuiguo, covering more than 2,000 offline stores in 30 cities including Beijing, Shanghai, Shenzhen, Shijiazhuang, Yangzhou, Fujian, and Ningbo. Read More
Alipay to Provide RMB 1 Trln in Loan Support to Offline Micro Merchants over Next 3 Years
36Kr.com, 5/03/18
Chinese e-commerce giant Alibaba Group's (NYSE: BABA) affiliated third-party payment processor Alipay recently announced a new offline vendor support program, according to which the company will provide services for nearly 100 mln small-scale local merchants throughout China, including offering RMB 1 trln in loan support over the next three years. Read More
Alipay Pilots Government-certified Digital ID Card in Three Cities
Techweb, 4/17/18
"Online functional proof of citizen identity" certified by the trust identity verification platform of the first research institute of China's Ministry of Public Security has appeared for the first time in Chinese third-party payment processor Alipay with Quzhou, Hangzhou, and Fuzhou selected as the trial locations. Read More
Walmart's Western China Stores Drop Alipay in Favor of WeChat Pay
Yzmg.com, 3/24/18
Retail giant Walmart's western China locations have stopped accepting internet conglomerate Alibaba Group's (NYSE: BABA) Alipay payment solution in favor of rival internet conglomerate Tencent's (0700.HK) WeChat Pay. Read More
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