third party payments

Aug

Alibaba set to increase its O2O offering with a 19.99% stake in Suning Commerce

Alibaba’s strategy to integrate brick-and-mortar stores into its business model has become more prominent over the coming weeks when it was announced on 10th August that it would be investing $4.6bn (19.99% stake) in the Chinese electronics retailer – Suning Commerce Group Co Ltd.

Aug

China Payments Research

China’s new transaction limit rules might slow down payment companies’ growth

Third party online payment services in China have disrupted the traditional financial industry, and enabled a new era of Internet finance lead by Alibaba group. To regulate and set benchmarks for this booming industry, the “Internet Finance Guidelines” was issued last month to curb potential risks, ensure competition, and protect…

Jul

China Payments Research

Ping An Group pools Internet finance resources together as it prepares to list

In July 2015 the Ping An Group announced the merger of 1qianbao, its payment solution and Wanlitong Loyalty Points Program. The merger came as a surprise for many employees of the payment division, as the service was successfully growing over the year and a half since the launch.

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third party payments