December 26, 2013
Alibaba Wins Telco License, Expands Cloud Services Internationally
China-based eCommerce giant Alibaba has been awarded a license by Chinese telecom regulators to offer mobile telecommunications services in the country, The Wall Street Journal reported on December 26. The...
December 22, 2013
Alibaba Lures Chinese Depositors Away From Banks
Yu’E Bao, Alibaba’s investment platform, is being used by a rising number of Chinese citizens as an alternative to a traditional bank account, the Financial Times reported on December 20....
December 18, 2013
Amazon Expands Web Services To China
Amazon will roll out its Amazon Web Services suite to China starting in 2014, TechCrunch reported on December 18. AWS China will compete with Alibaba, a major force in regional...
December 11, 2013
ShopRunner CEO Joins Lead-Gen Startup Radius
Scott Thompson, current CEO of ShopRunner and former chief executive of Yahoo, will serve on the board of directors for Radius, a lead-generation startup funded by Comcast Ventures and American...
December 10, 2013
Alibaba And ShopRunner Say “Open Sesame” To Digital Commerce
Everybody knows the ancient story of Ali Baba and the Forty Thieves. “Open Sesame” were the magic words that opened a cave where Ali Baba saw an abundance of gold...
December 09, 2013
MasterCard Expands MasterPass Service Into China
Hoping to leverage the nation’s increasingly mobile consumer base, MasterCard is launching its MasterPass mobile payments service in China, The Global Times reported on December 9. Ling Hai, MasterCard’s president...
December 06, 2013
Alibaba, Haier Partner On Logistics
eCommerce giant Alibaba is investing $360 million in Haier Electronics, a Chinese appliance maker, amid a larger joint logistical venture, AllThingsD reported on December 9. The venture will reportedly...
December 05, 2013
To Encourage Mobile, Alipay Charges Desktop Users
In a bid to push more of its customers to use mobile platforms, Alipay, an online payments services provider owned by Alibaba Group, has discontinued its free payment service for...
November 20, 2013
China: Companies brace for competitive overhauls with economic reforms
Private companies within China are bracing for major economic reforms within China that are poised to allow competition with state-owned banks, among other changes. According to reports, Asia’s top Internet...
