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  • What's News? June 14, 2013 | 0 Comments

    Alibaba and Baidu play nice

    E-commerce makes strange bedfellows? Alibaba and Baidu haven't always worked well together, but recent cooperation indicate an improving relationship. The e-commerce giant and China's favorite search engine found common ground with Baidu's decision to display Alibaba customer service hotlines for platforms like Taobao directly through Baidu's search results. In addition, Alibaba's Alipay customer service system will be available directly through other Baidu's applications. Source: PC Online

  • What's News? April 24, 2013 | 0 Comments

    Online payments, force for good

    In the wake of Sichuan's recent earthquake, Alibaba's Alipay online payment platform has played its part in rebuilding the affected areas. In the two days after the quake's initial impact, Alipay processed over RMB 20 million in donations from over 45,000 netizens. Nearly 10,000 netizens from Liaoning province alone donated RMB 400,000 through Alipay.

    Source: Sohu

  • What's News? March 4, 2013 | 0 Comments

    Alipay line of credit for shoppers

    Alibaba Group will soon roll out a credit-line services for businesses and consumers on its e-commerce platforms. Qualified Alipay users will be approved for credit limits according to previous consumption records. Consumers can use Alipay credit as they would a credit card for shopping on Taobao and Tmall. Customers benefit from interest-free repayments for a 38-day period.

    Source: Sohu

  • What's News? January 24, 2013 | 0 Comments

    Stars align for e-Commerce

    Male Scorpios and female Aquarius were China’s biggest online shoppers in 2012 according to annual figures released by Alipay, Alibaba’s online payment service. Scorpio men spent an average of over 14,000 RMB, followed by Leos and Capricorns. Aquarius ladies topped an average of 15,000 RMB, with Scorpios and Capricorns coming in second and third. Pisces men and Leo women spent the least last year.

    Source: 21CN

  • What's News? December 26, 2012 | 0 Comments

    Alipay explores rural markets

    Alipay, Alibaba's online payment platform, recently announced further investment into third and fourth-tier cities and rural markets. The company has started a new rural business department specifically to manage these regions. Alipay plans cooperation with local banks to train bankers how to use its payment tools, stressing that China’s rural markets are key to the future of e-Commerce. According to Alibaba, company sales in tier-three and four cities grew by over 60%, far exceeding growth in more developed, coastal cities. Source: China Daily

  • What's News? November 2, 2012 | 0 Comments

    360Buy acquires online payment tool

    360Buy has been looking for M&A opportunities in the online payment sector ever isnce its cooperation with Alibaba's Alipay was terminated in 2011. Following failed negotiations with Tencent's Tenpay and 99bill, local media reports that the company recently signed a deal with Chinabank Payment. Currently the percentage of customers of 360Buy that choose the payment on delivery method has decreased from 70% to 50%, meaning that about 30 million users are using third-party payment processing tools when buying goods on 360B87. According to statistics, in 2011, Ali Pay had 49% of the online payment market, Tenpay had over 20%, while the remaining 30% was divided between smaller operators like Chinabank Payment and 99bill. Source: EBRun

  • e-Commerce, Lifestyle, Trends
    September 27, 2012 | 0 Comments

    Wages of Taobao: China’s shadow cash transfers

    Taobao girl needs money to spend.

    China's 30 million students are targeted by brands and retailers, despite being cash poor. Many students struggle to make ends meet and rely on family allowances. Such stipends are used to finance daily expenses as well as online shopping sprees. But e-Commerce is not only a way for students to spend cash; for some, it also offers a great way to obtain it. Thousands of young Chinese now operate virtual stores on Taobao through which they collect commission-free transfer payments from parents and friends. Those who go the extra mile even manage to raise money from absolute strangers.  ...Read More

  • What's News? September 20, 2012 | 0 Comments

    Taobao-Tmall turnover to reach RMB 1 trillion this year

    According to data published by Alibaba, China's leading e-Commerce group, the total turnover of Taobao and Tmall is expected to reach RMB 1 trillion this year, more than double the turnover for 2010. The group expects the two sites' turnover to reach RMB 3 trillion within five to seven years. Concurrently, Alibaba's online payment platform, Alipay, has been growing steadily and is becoming less dependent on Taobao - with overall Alipay transactions coming from the site down from 90% to 60%. Source: 163

  • e-Commerce, Trends
    September 3, 2012 | 0 Comments

    Branch out: Chinese bank sets shop in virtual mall

    Bank of Comms, Taobao Branch.

    The word "call" used to mean "visit" but these days it mostly refers to phone conversations. In China, consumers use the term "shopping mall" (商城) to describe both offline and online retail centers, underlining the popularity of e-Commerce. In fact, many shoppers in the country's interior are avid online buyers, but they've never visited a proper shopping mall. Chinese e-tailers, for their part, are trying to become one-stop shops, offering products and services that are not available on international sites like eBay or Amazon. Now, Chinese e-Commerce platforms even come with their own bank branch.  ...Read More

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  • January 01,1970