Post Tagged with: "Alibaba"

How Payments Is Fueling China’s E-Commerce Megaboom

How Payments Is Fueling China’s E-Commerce Megaboom

by April 20, 2016 at 9:56 pm 0 comments

HONG KONG — The numbers are in “holy *$#%” territory. “The numbers” are for e-commerce sales in China, and they are astounding. In the first two months of 2016, China’s online retail sales hit $98.2 billion, an increase of 27% over the previous year. That puts it on pace to hit around $590Read More

Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation

Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation

by March 8, 2016 at 12:57 pm 0 comments

The name might indicate something small, but Ant Financial is anything but. The spinoff of Alibaba is valued at over $50 billion and plans to raise a heap more, according to the Wall Street Journal. As China’s highest-valued internet finance company, Ant Financial Services Group will raise 20 billion yuan ($3.1 billion) on aRead More

Coolest Brands 2016: AlipayThe Numbers Gamer

Coolest Brands 2016: Alipay

The Numbers Gamer

by February 16, 2016 at 8:45 am 2 comments

PayPal is to eBay as Alipay is to Alibaba. Only on steroids. To heck with Super Bowl ads — the coolest alternative payments company on the planet is Alipay. So China’s economy is stalling. So regulation gives Alipay advantages over even MasterCard and Visa. Alipay is a payments startup onRead More

Holidays Were Huge for Digital Payments, Preliminary Data Shows

Holidays Were Huge for Digital Payments, Preliminary Data Shows

by December 28, 2015 at 4:37 pm 1 comment

There are still Christmas leftovers in the refrigerator, but already it looks like the 2015 holiday season will go down as a momentous one for digital payments. Amazon reported today that nearly 70% of Amazon.com customers shopped using a mobile device this holiday season, while customers shopping on the company’s mobileRead More

Alipay Pitches PayPal on JV

Alipay Pitches PayPal on JV

by November 11, 2014 at 11:47 am 0 comments

When China’s largest payments processor makes partnership overtures, they deserve notice. That’s what happened today, when Alipay, which has about 700 million registered accounts, said it wants to partner with PayPal, in addition to its ongoing talks with Apple to join Apple Pay.

Alibaba Ambitions in Fintech

by October 23, 2014 at 4:14 am 0 comments

Bits don’t stop at borders. Bits also don’t stop at category boundaries. Retailers and banks both serve consumers and process payments. For most of the 20th century retailers and banks were partners. In the 21st century digital age, both have to get used to the more complex cooptition reality. BankersRead More

The Complicated — and Crucial — Web Tying Alibaba to Alipay

The Complicated — and Crucial — Web Tying Alibaba to Alipay

by May 8, 2014 at 1:05 pm 0 comments

EBay is not eBay without PayPal, and the same appears to be true for Alibaba and Alipay, but with one major caveat: Alibaba doesn’t own Alipay anymore. As Alibaba heads for an initial public offering, the role Alipay plays — and it is a confusing one — in the futureRead More

China Flexes Mobile Payment Muscles

China Flexes Mobile Payment Muscles

by December 5, 2013 at 11:05 am 0 comments

Looking for the latest and greatest in mobile payments? Try China. Companies from the world’s most populous country have made some bold moves recently to bring digital payments into the mainstream not just in China, but around the globe, and innovators in the US and Europe should be paying closeRead More