“Awesome week.” That’s probably the best answer the PYMNTS team received when asking others to describe the state of the world economy this week (which we did today via a poll – more on that later). It’s also the most accurate. Despite how it is...
After sagging profits and damaging food safety scandals, KFC and McDonald’s in China are trying to attract China’s younger generation by introducing tech savvy features into their restaurants, Forbes reports. This week (July 1), Alibaba and KFC China came together to enable KFC customers to...
Alibaba and KFC China just partnered to allow KFC customers to pay by scanning bar codes using Alipay’s smartphone app, reports the Financial Times. KFC follows in the steps of Walmart and Carrefour which each began accepting Alipay in 2015. With 5,000 restaurants across 900 cities, KFC is the largest food...
PayPal and Uber have been partnered on payments since 2013 — and that partnership is about expand. Uber is available in 300 cities, and soon riders in Canada, Greece, Hong Kong, Israel, Mexico, New Zealand, Singapore, Sweden and Switzerland can use PayPal to pay for their...
Online-to-offline, O2O, and same day (or in some cases same hour) deliveries are the next big battles in the war for eCommerce domination – putting it right in the wheelhouse for Alibaba (and subsidiary business Ant Financial). And Alibaba and Ant — the maker of Alipay, Alibaba’s...
The Chinese government released on Saturday (June 20) a series of guidelines to support cross-border eCommerce, its new pet project. China-based eCommerce companies will be handed state support on international projects and credit insurance services, according to various reports. According to Reuters, the government’s support...
After less than a month, Alibaba CEO Jack Ma is back in Russia to attend the St. Petersburg International Economic Forum, but also to discuss with Russian officials the common objectives eCommerce offers the two nations, reports Watch China Times. Ma is hoping for his No....
The Bank of China and 297 people are facing indictments in Italy involving a massive money laundering operation. Most of the suspects are Chinese nationals residing in Italy – but the roster of those facing charges also includes four senior managers of the Chinese state...
MasterCard announced yesterday (June 18) the appointment of two Co-Presidents of two new sub-regions, which include the region’s biggest markets – China and India. Ling Hai and Ari Sarker are Co-Presidents of the Asia-Pacific region. Ling Hai will be focused on North East Asia and Australasia...
