Alipay’s Cashless Cities Week is a week away, but this seven-day campaign only scratches the surface of the impact digital payments have on the lives of Chinese consumers. Digital payments particularly affect those consumers move commerce outside of China to the U.S. and other foreign...
What might be the fallout from last week’s move by Moody’s to cut China’s credit rating for the first time since the 1980s? Not much, for now and maybe not for later. True, the Moody’s downgrade may not be all that much of a surprise...
eCommerce giant Alibaba Group Holding found continued strength in spending by Chinese consumers helped lift fiscal third-quarter results. Revenues were up 54 percent in the period to 53 billion yuan, compared to the 50 billion yuan that had been expected by analysts’ consensus (translating into...
As reported by The Wall Street Journal, the financial arm of China’s Alibaba Group, Alipay, is looking to create partnerships in areas as diverse as the United States and Europe. The goal is to build a platform of payments across the globe. The newest link...
July 24, 2017
Alipay’s Cashless Cities Week is a week away, but this seven-day campaign only scratches the surface of the impact digital payments have on the lives of Chinese consumers. Digital payments particularly affect those consumers move commerce outside of China to the U.S. and other foreign countries, Souheil Badran, Alipay’s president of North America, told Karen Webster. The real purpose of the Cashless Cities program? To put a digital face to the sea of change that marks the Chinese consumer’s buying behavior — one that’s also worth tens of billions of dollars from the millions of Chinese tourists who flock to cities all over the world to work, shop and vacation.
August 31, 2017
Tech giant Apple is embracing WeChat Pay, giving consumers in China more ways to pay for purchases. The WeChat Pay digital payment service is offered by China-based investment holding company Tencent. According to a report in The Wall Street Journal, Apple said in a statement it is “committed to offering customers across our ecosystem a variety of payment […]
January 24, 2017
eCommerce giant Alibaba Group Holding found continued strength in spending by Chinese consumers helped lift fiscal third-quarter results. Revenues were up 54 percent in the period to 53 billion yuan,...
November 01, 2016
As reported by The Wall Street Journal, the financial arm of China’s Alibaba Group, Alipay, is looking to create partnerships in areas as diverse as the United States and Europe....
