Alibaba will have a record-breaking IPO next week, but it’s Amazon that owns the future of China’s $400 billion online shopping industry, argues Peter Fuhrman, CEO of investment bank China First Capital. While Alibaba is now a $6 billion company and three-fourths all online shopping...
Alibaba Group launched the roadshow for its $24 billion initial public offering in New York on Monday (Sept. 8). But although China’s e-commerce giant has updated its IPO filing six times since May, there are still unanswered questions, according to a Wall Street Journal blog....
Monday (Sept. 8), Chinese tech giant Alibaba kicks off its IPO roadshow as it tries to persuade prominent investors to jump into an IPO that will almost certainly become one of the largest in history. As the first week of September 2014 wound down, Alibaba...
For farmers across the developing world, being trapped in a cash-based economy is costly. Those costs come in all forms—what commodity buyers farmers can work with, security risks associated with constantly carrying around large wads of currency, the unpredictable price fluctuation and pressure to produce...
Alibaba’ payments arm Alipay has partnered up with Chinese handset maker Huawei to help consumers have mobile payments literally at their fingertips. The companies are working to create a mobile payments system that uses the fingerprint reader to be built into Huawei’s forthcoming Mate 7...
Over the past week, PYMNTS.com’s brief’s coverage in this newsletter has spanned a broad variety of issues. In this column, we take a look at five common elements that link many of those stories, in essence making them the “trends of the week.” Cards Coin,...
Amazon is boosting its presence in China by setting up shop in Shanghai’s free trade zone, a move that lets the online retail giant take advantage of less-stringent trade regulations to sell a wider range of products, according to Reuters. The company signed a memorandum...
China’s two biggest Internet companies, Alibaba and Tencent, have called a truce in their six-month war to capture customers for their respective taxi-hailing apps. Total cost: more than 2 billion renminbi ($325 million), the Financial Times reported. The two sides have cut back in their...
Chinese government procurement lists have not banned Apple products, according to a Reutersreport from last week. Originally, the rumor was that the popular laptops and tablets were blacklisted because of national security concerns. However, China’s Central Government Procurement Centre, the finance ministry and Apple have...