Posted by: Sarah Wu on Jul 28 2010

Alibaba Group's online payment tool Alipay announced that it has launched an application platform at b.alipay.com that targets company clients, offering electronic payment, value-added services and third-party services, Sina reported July 27...

Posted by: Sarah Wu on Jul 23 2010

Alibaba Group's online payment tool Alipay has established three new business units and is planning to recruit 700 workers in the fields of finance and technology in the second half of this year, Donews reported July 22...

Posted by: Sarah Wu on Jul 15 2010

Tencent's (0700.HK) online payment service Tenpay plans to officially launch July 15 its application store, targeting the company's Tenpay and QQ users, Reuters China reported July 15 citing an interview with Tenpay's Assistant General Manager Wu Yi...

Posted by: Sarah Wu on Jun 30 2010

Baidu (Nasdaq:BIDU) and Rakuten's (Jasdaq:4755) joint business-to-consumer (B2C) online shopping mall is expected to enter internal testing on August 10 and to go online in autumn this year, 163.com reported June 29 citing an unnamed mall employee...

Posted by: Kiki.yang on Jun 22 2010

China will ban non-financial institutions from conducting payment services without a license from the central bank, effective from September 1, 2010, according to an order released June 21 by the People's Bank of China (PBoC)...

Posted by: Sarah Wu on Apr 21 2010

Alibaba Group's online payment tool Alipay announced that it has partnered with MasterCard (NYSE:MA) for online payment services in Hong Kong, Macao and Taiwan, QQ reported April 21. Online shoppers in these regions will now be able to use MasterCard credit cards to make purchases on Alibaba's e-commerce site Taobao.com, said the report.

Alipay currently supports Visa (NYSE:V) cards in Hong Kong, Macao and Taiwan, where Visa card users generate trading volume of around RMB 1 million daily, said the report...

Posted by: Tom Telford on Apr 12 2010

Alibaba Group's online payment tool Alipay announced that Alibaba Group will invest RMB 5 billion over the next five years in upgrading e-commerce payment solutions, according to a company press release issued April 12...

Posted by: Cherry Zhang on Mar 29 2010

Hangzhou-based e-commerce company Alibaba Group announced March 29 that it has invested in Beijing-based logistics company Stars Express as a strategic investor, without disclosing details such as amount invested or the size of the stake it holds in the company, qq.com reported March 29...

Posted by: Cherry Zhang on Mar 15 2010

Alibaba's online payment tool Alipay announced March 15 that it has recorded 300 million users, 163.com reports. Alipay has 460,000 partner sites in addition to Alibaba's consumer-focused e-commerce site Taobao.com, the report said...

Posted by: Cherry Zhang on Mar 12 2010

AliExpress, Alibaba.com's (1688.HK) business-to-business platform for international customers, continues to grow and has not run into obstacles, Alibaba.com's PR department said, cnsoftnews.com reports...

Posted by: Cherry Zhang on Mar 10 2010

Hangzhou-based e-commerce company Alibaba Group has established a wireless department as part of a "Big Taobao" plan integrating wireless departments in Alibaba's consumer-focused e-commerce site Taobao.com, Alibaba's online payment tool Alipay and Alibaba's consumer information portal Koubei.com, 163.com reported quoting an internal email leaked by an unnamed source...

Posted by: Cherry Zhang on Mar 09 2010

Hangzhou-based business-to-business (B2B) e-commerce company Alibaba.com's (1688.HK) wholesale e-commerce site 1688.com recorded visitor traffic of over 6.39 million and transaction volume of 3.06 million products on its first day of operation, March 8, reports Sina...

Posted by: Sophia Fu on Feb 22 2010

Online transaction volume on Alibaba's consumer-to-consumer site Taobao.com reached RMB 1.7 billion during China's seven-day Spring Festival holiday (February 13-19), Jiefang Daily reported. Alibaba's online payment tool Alipay recorded 15,000 gifts of "red packets" daily during the holiday, said the report.

Posted by: Sijia Xie on Feb 08 2010

Alibaba's consumer-focused e-commerce site Taobao.com and Golden Eagle Broadcasting subsidiary Hunan Satellite TV have begun to recruit sellers for "Happy Taobao," a subchannel on the Taobao site, Taobao.com announced February 8.

Taobao and Hunan Satellite TV announced in late December that they had formed a joint venture in which they held 49% and 51% equity interest, respectively...

Posted by: Cherry Zhang on Jan 27 2010

Alibaba's online payment tool Alipay has finished the development of its payment transfer function and begun offering it to users, Donews reported January 27. With the new function, buyers can transfer a transaction to a third party to complete payment without altering the transaction's buyer or seller, the report said...