Alibaba is discovering that the Chinese and U.S. E-Commerce marketplace present their own set of challenges, particularly when looking at the urban versus rural market audiences, but the Chinese E-commerce giant believes tapping into a niche market, like farmers, can help boost its online users and sales growth....
Bank Negara Indonesia (BNI) will start issuing corporate cards specifically aimed at small and medium enterprises as part of their push to recruit more corporate card holders. The corporate cards will be issued in cooperation with American Express. The bank and Amex had recently signed a...
The run-up to a Chinese Shopping holiday known as Singles Day (in honor of unattached consumers who are encouraged to buy themselves nice things) has tipped off a trademark spat between Chinese e-commerce players. The dispute came into focus after Alibaba rival, JD.com, publicly published...
When Ramesh Tainwala took over as CEO of luggage giant Samsonite International this month, he got an important lesson in the nuance of phrasing in China. When China’s government cracked down on anticorruption, Samsonite’s business took a hit. Why? According to a story in the...
As the number of unlicensed suppliers winning bids on Chinese government contracts has gone up, so too have the number of reports on shoddy and defective goods being provided to customers. This increase in “shipped broken” merchandise is occurring even as regulators are attempting to...
When exploring global expansion for Apple Pay, China is the highest priority for Apple CEO Tim Cook, even though the service has yet to launch there. Cook, in an interview with China’s influential Xinhua News Agency, said that he wants to understand the Chinese payment...
Alipay Wallet has confirmed 190 million annual active users and is delivering 45 million daily transactions, with more than half of that coming directly from Alipay transactions, reports Technode. “A little less than one year ago Alipay Wallet had 100 million users and was processing...
What initially seemed like an accomplishment, Hong Kong overtook the U.S. as the top destination for Chinese goods and materials. Now it seems like that particular stat may need an asterisk next to it, since the U.S. seems to still lead as a location where...
MasterCard has agreed to a 2-year-contract to mine user data from Facebook Asia-Pacific, packaging it and then reselling it to banks. “MasterCard aims to feed the data along with information from other sources into an analytics platform dubbed the Priceless Engine, and work with Australian banks,...