... 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
... ment with Alipay.com Co. Ltd. According to a regulatory filing, Fujian Star-net will offer a platform that will allow users of its Karaoke TV system to pay through Alipay's online payment products. In ...More
EJ Insight2014-03-14
Alibaba Group unit Alipay and Tencent Holdings Ltd. (00700.HK) said on Tuesday that they will cooperate with China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) in virtual credit cards, China Securities ...More
EJ Insight2014-03-12
... anks like Alipay have been growing fast. BEA will seek to enlarge its client base and engage in more cross-border businesses to absorb renminbi, Li said, adding that the bank's China subsidiary is pla ...More
EJ Insight2014-03-10
... vealed by Alipay, Alibaba's online payment services unit, recently. Yu’E Bao collects 0.63 percent fee in each transaction. Of that fee, 8 basis points goes to CITIC Bank as custodian fee. Twenty-five ...More
EJ Insight2014-02-27
... rs of the Alipay online payment service, as "a devil and a parasite" in the finance industry. Writing on his personal blog, Niu said the online fund has been luring clients by promising high yield rat ...More
EJ Insight2014-02-25
... o-founder Alipay said the fund's annual fees came to 0.63 percent of assets rather than the 2 percent Niu characterized as profiteering, the report said. Wang Dengfeng, a fund manager at Beijing-based ...More
EJ Insight2014-02-24
... with its Alipay and mobile Taobao e-commerce site. Tencent, on the other hand, gains advantage through its instant messaging application Weixin and Weixin Payment platform. Baidu's ace is its locatio ...More
EJ Insight2014-02-20
... ao allows Alipay account holders to use money parked in the accounts to be invested in the fund for a return well above the usual deposit rate. Alipay is Alibaba's third-party payment service, and buy ...More
EJ Insight2014-02-20
Alibaba Group units Taobao.com and Alipay are teaming up with Hong Kong-based Octopus Cards Ltd. to jointly launch an online payment service, becoming the first smart card payment solution deploying N ...More
EJ Insight2014-02-18
... ear. Each Alipay customer can subscribe to up to 2 million yuan (US$328,000) of the new product. The high level of interest might prompt Alibaba to increase the issue from the original 300 million yua ...More
EJ Insight2014-02-10
Alipay, China's leading third-party payment platform, announced Saturday that it has become the largest mobile payment provider in the world, Xinhua news agency over the weekend. The company claims th ...More
EJ Insight2014-02-10
