... hich owns Alipay Wallet. Both predate Baidu by at least eight months. China's so-called BAT triumvirate (Baidu, Alibaba and Tencent) have been driving mergers and acquisitions in the mainland as they ...More
EJ Insight2014-04-16
Alibaba Group Holding Ltd.'s third-party payment service Alipay is offering users a 20 percent discount off parking fees if they pay with its electronic wallet at designated car parks, the Beijing Bus ...More
EJ Insight2014-04-04
... aled that Alipay and Alibaba staff own 40 percent stake in the small and micro financing unit, with the remaining 60 percent kept for other investors, the report said. -- Contact HKEJ at digest@ejinsi ...More
EJ Insight2014-04-02
... usly owns Alipay, the online third-party payment platform of his Alibaba Group. Nothing wrong with that, except that it is part of a larger operation that supports Yu'E Bao, Alibaba's online fund that ...More
EJ Insight2014-04-02
Beijing's grip on online investment and third-party payment platforms is tightening and Alibaba Group offshoots Alipay and Yu’E Bao are likely to feel it the most. But Alibaba seems unfazed by the cla ...More
EJ Insight2014-03-28
... s such as Alipay, the payment arm of Alibaba, or lowered their ceiling for such transfers to as low as 5,000 yuan (US$800) per transaction. Earlier, there was no limit or the ceiling was much higher. ...More
EJ Insight2014-03-27
... t service Alipay will be limited to its Zhejiang branches so it can safeguard the transactions, the Beijing News reported Wednesday. The bank also cited "management purposes" for the decision but said ...More
EJ Insight2014-03-26
Alibaba Group Holding Ltd.'s third-party payment service Alipay criticized the move by the country's four major state-owned lenders to lower the maximum amount that clients can transfer for online pay ...More
EJ Insight2014-03-26
... a Group's Alipay and Tencent Holdings' (00700.HK) Tenpay. -- Contact HKEJ at [email protected] MY/AC/RC ...More
EJ Insight2014-03-25
... ke up its Alipay third-party payment platform and its Yu'E Bao online fund, but it sends an important signal to investors ahead of Alibaba's planned public listing. The service is not new. Yuan debit ...More
EJ Insight2014-03-24
China's four major state-owned commercial banks have lowered the maximum amount that customers can withdraw for online transfer to third-party payment service Alipay and investment in Alibaba Group's ...More
EJ Insight2014-03-24
... Alibaba’s Alipay and Tencent’s (00700.HK) Tenpay, to divert all online transactions through UnionPay-backed settlement channels. Xinhua reported that banks that failed to do so faced hefty fines under ...More
EJ Insight2014-03-20
... lse. Take Alipay, the online payment service of Alibaba Group Holding Ltd. China CITIC Bank Corp. Ltd. (00998.HK), Alibaba's partner in issuing virtual credit cards, will assess an applicant's credit ...More
EJ Insight2014-03-19
Security concern may not be the only reason why Chinese regulators ordered last Thursday to halt the payment services of Tencent's Tenpay and Alibaba Group's Alipay under which customers could make pa ...More
EJ Insight2014-03-18
... platform Alipay and online fund Yu'E Bao, said it is in touch with the People's Bank of China regarding the matter and that its financial services are working normally. -- Contact HKEJ at digest@ejin ...More
EJ Insight2014-03-18
The People’s Bank of China has issued draft rules restricting transactions in third-party online payment systems, including Alibaba Group's Alipay and Tencent Holdings' (00700.HK) Tenpay, Beijing Time ...More
EJ Insight2014-03-17
... platforms Alipay and Tenpay, respectively. The virtual cards will comply with regulatory requirements and risk control standards, the lender was quoted as saying. On March 14, the People's Bank of Chi ...More
EJ Insight2014-03-17
The People's Bank of China (PBoC) has suspended the use of virtual credit cards and quick response (QR) code payment provided by China CITIC Bank Corporation Ltd. (00998.HK), Alibaba Group's Alipay an ...More
EJ Insight2014-03-14
... yments by Alipay and Tencent Holdings (00700.HK), the 21st Century Business Herald reported Friday. Tencent slumped as much as 6.8 percent before ending 4.1 percent lower. It was the second worst perf ...More
EJ Insight2014-03-14
The People's Bank of China has suspended the use of virtual credit cards and barcode payment by Alipay and Tencent Holdings Ltd. (00700.HK), 21st Century Business Herald reported Friday. The central b ...More
EJ Insight2014-03-14
