Home rental firm Airbnb is now accepting Alipay, the huge Chinese Internet payment offering, on its site, reports ReCode. This isn’t necessarily the beginning of mainstream U.S. acceptance of Alipay, as it might be little more than an attempt to make Chinese travelers more comfortable....
There is no question that people are buying things online in ever increasing numbers or that they are creating reams of data while they are doing it. What to do with the data–how to use it, how to turn it into something useful, that’s a...
U.S.-based Shopkick is heading toward full acquisition by South Korean wireless company SK Telecom. SK has agreed to pay about $200 million for the shopping loyalty app, reports The Wall Street Journal. The South Korean telecom gains a new foothold in the U.S. market with the acquisition...
KB Kookmin Card, in partnership with MasterCard, will introduce a virtual credit card that will allow overseas customers easy access to retail sites such as Amazon.com. The “SecurePay” protects users from personal information theft. By issuing a virtual credit card number, users essentially get a one...
Did China’s Alibaba have the largest IPO in history? Maybe. Shares priced at $68 a pop and it had a market capitalization of $168 as it kicked off trading on the NYSE. This would bring the total amount raised by Alibaba’s IPO to $21.8–and a...
With Alibaba last week having gone through the largest initial public offering in U.S. history, expect continued growth in international eCommerce trade coming out of China. Alibaba already is saying it wants to create more online sales between China and other Asian businesses and consumers,...
Robust economic growth in the U.S. and United Kingdom, combined with a gradual recovery in the Eurozone, should help strengthen global economic activity over the next year, according to the latest HSBC Trade Confidence Index. However, rising geopolitical tensions could weaken such projections. Such issues...
Here’s a payment card reward points bonanza. A guy in China buys a ceramic cup and he is rewarded with 422 million American Express points, which is enough for 28 million frequent flyer miles or an $180,000 shopping voucher, Bloomberg reported. To be fair, it...
With 49 percent of securities professional looking to own a piece of the world’s largest e-commerce conglomerate, Alibaba is what we are going to be talking about for the next few weeks. Some analysts are beating the crowds, and PYMNTs has organized the top 15...