The world’s largest smartphone maker is facing a $1 billion recall and is selling off technology stakes swiftly as it looks to raise funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
After a long, expensive and frustrating fight, it looks like Uber is officially ready to retire its efforts in China. Instead of operating and competing directly for Chinese riders, Uber is instead taking a minority stake in the firm that essentially out-competed them in China...
The growth in Chinese ports has hit its lowest level in seven years so far in 2016, according to a report from Alphaliner. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Alibaba really wants to clean up the counterfeit goods that populate the many bazaars on its online marketplaces. There’s just one not so small issue, according to Alibaba CEO Jack Ma. The fakes are just so darn convincing. Get the Full Story Complete the form...
Alipay is China’s most popular digital payments service — and it just got a bit more useful for its user base. As of Tuesday (May 3), Alipay users can now tap the service to hail an Uber ride wherever they are and pay. Get the...
Ant Financial — the finance affiliate of Alibaba Group Holding Ltd. — is eyeing an IPO on Shanghai’s main board for some time later this year, according to reports. The public offering could be China’s largest since 2010, according to two people familiar with the matter. Get the Full...
China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Alibaba — Asia’s ranking eCommerce powerhouse — has announced its intention to buy a controlling stake in Lazada Group, a Southeast Asia-focused eCommerce startup. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Indian payments startup Paytm has hired Alibaba’s head of wholesale business to steer its growth and build a stronger collaboration with the Chinese eCommerce giant. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
