Alibaba will invest SGD 312.5 M (USD 249 M) for a 10.35% stake in Singapore Post. SingPost is a leading provider of e-commerce logistics solutions and trusted communications in the region. The press statement said that the collaboration between them “leverages the core competencies of...
Chinese Internet giant Alibaba Group Holding has invested $250 million for a 10.35 percent stake in Singapore Post Ltd., the city-state’s main postal and delivery service. The goal of the investment is to create an international e-commerce logistics platform. Get the Full Story Complete the...
Three weeks into her tenure as Apple’s head of retail, Angela Ahrendts is outlining a three-part strategy for Apples retail future. It includes a stonger emphasis on China as a market, mobile payments, and revamping the end-to-end sales experience at brick-and-mortar Apple stores. Get the Full...
Perhaps answering Chinese rival Alibaba’s participation in a $250 million funding round for ride-sharing service Lyfit, American e-commerce giant Amazon has proved that it an investment overseas too and reportedly paid $20 million for a minority stake in Yummy77, an online company that provides fresh food...
Alibaba gets all the attention. Given its astonishing market capitalization, wealth of holdings, army of users and status as sitting on the edge of the largest IPO in the history of possibly ever, that is not an entirely surprising development. Alibaba, however, isn’t the only...
Competitor Alibaba may get all the attention but investors in home country rival Tencent had some reasons to feel fairly good about their pick this week. Though the company’s first quarter earnings are a bit of a muddle due to some highly complex deals and a...
Apple and China UnionPay have agreed to partner on a mobile payment service that will bring the bank card organization’s app to iPhones nationwide. This will make it possible to pay-by-phone at the 3 million “QuickPass” POS machines nationwide, reports Brightwire. The two companies are also collaborating on...
While everyone in payments has been focused on another player out west whose name begins with an “A” no one has really paid much attention to the other one even father west with even greater payments and commerce ambitions. MPD CEO Karen Webster gives you...
The Hearst-backed service for managing bills, Manilla is slated to shut-down on July 1, due to inability to bring the business to scale. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
