China Payments Research

May

Tencent e-commerce challenges are surfacing

The latest financials from Tencent Group shows that overall growth stayed strong in the first quarter of 2014 as revenue hit RMB 18.4 billion, 78% of which were value-added services. E-commerce however suffered as revenues declined 24% as compared to Q4 2013. Tencent indicated that the lagging performance was a seasonal…

Mar

China Payments Research

Will the PBOC’s Draft Guidelines hurt third party payments in China?

After the PBOC’s suspension of QR code payments and virtual credit cards, they have begun soliciting comment on draft guidelines on “Payment Institutions Network Payment Business Management Approach” (provisional).

Feb

China Payments Research

Shanghai Free Trade Zones showing signs of payment activity

After what seems like forever, on February 18th, the regulators gave us a milestone reform for cross-border trade.

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China Payments Research