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Category Archives: Payment Services
Alipay Ventures into Logistics
Alibaba Group’s e-payment subsidiary, Alipay, announced plans to invest US$79 million to diversify its business into the China logistics market over the next three years. The investment will see Alipay unveil handheld devices that can be used to track parcels … Continue reading
Posted in Alibaba, Alipay, China, E-Commerce, Payment Services
Tagged Alibaba, Alipay, Alipay Ventures into Logistics
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Alipay to Serve International Customers
Hangzhou, 1st November: According to a report on Penn-Olson, Alibaba Group’s online payment platform, Alipay, will launch a new service to process international payment later this month. The new service will be named Alipay Express, and will partner with a … Continue reading
Posted in Alibaba, Alipay, China, E-Commerce, Payment Services
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Alipay Acquires China Business of OnCard
Alipay, the online payment provider now controlled by Alibaba Group CEO Jack Ma, has reportedly reached an agreement to purchase Australian loyalty card and payment platform provider OnCard Payment’s Chinese business – BillToBill. Financial details of the deal were not … Continue reading
Posted in Alibaba, Alipay, China, Payment Services
Tagged Alipay Acquires Oncard Payments, China Business of Oncard
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Alibaba, Yahoo and Softbank Reach Deal over Alipay Spin-off
China’s largest E-commerce company Alibaba Group has settled its dispute with Yahoo and Softbank on the value of Alipay which was transferred by Jack Ma, CEO of Alibaba to an entity controlled by Mr. Ma. The transfer was made for … Continue reading
People’s Bank of China issues 27 E-payment Licenses
The People’s Bank of China issued electronic payment licenses to 27 qualified third-party payment platforms in China on May 26th 2011 Alipay.com Co Ltd (Alibaba Group); Tenpay.com (Tencent Holdings Ltd) and Shanpay (Shanda Interactive Entertainment Ltd) were the three most … Continue reading
Alibaba and Yahoo Issue Joint Statement Regarding Alipay
“Alibaba Group, and its major stockholders Yahoo! Inc. and Softbank Corporation, are engaged in and committed to productive negotiations to resolve the outstanding issues related to Alipay in a manner that serves the interests of all shareholders as soon as … Continue reading
Posted in Alibaba, Alipay, China, E-Commerce, Hong Kong, Payment Services, United States
Tagged Yahoo and Alibaba Issue Joint Statement
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Alibaba Founder Ma Transfers Alipay into New Entity under his Control
Ownership leverage: Obviously pushed by regulatory pressures Alibaba founder Mr. Ma transferred Alipay, Alibaba’s payment system, into a new entity under his control without first agreeing with shareholders Yahoo and Softbank. This may be considered to be tantamount of abusing … Continue reading
China Unveils Guidelines For Online Payment Services
The Chinese Ministry of Commerce (MOC) published its long-awaited guidelines for e-commerce third-party payment service providers in a bid to regulate a rapidly developing business-to-consumer (B2C) industry that processes about six times as many transactions as world retail giant Wal-Mart … Continue reading