In a first for the Seattle-based chain, Starbucks has officially launched an online store in China on Alibaba’s Tmall as part of what the company referred to as an effort to expand its digital reach and consumer base in one of the world’s fastest-growing markets. Starbuck’s...
While Hong Kong has traditionally been the favored shopping destination of Chinese mainland consumers looking to grab up luxury items, it looks like 2015 may see the biggest drop in retail sales since 2003. The drop 12 years ago was an outgrowth of the SARS...
Alibaba is apparently serious in its efforts to tamp down the counterfeiting that some complain runs rampant on the site with the aid of a seasoned counterfeit fighter. Matthew Bassiur, once Senior Director, Global Security & Counsel for IPR Enforcement at Apple, currently Vice President, Deputy...
Despite appearances earlier this week that Apple had lost out on bringing Apple Pay to China — with UnionPay’s announcement that it had selected British firm Powa to help it construct and launch its mobile payments platform — it seems appearances can be highly deceiving. Apple Inc....
Almost no one in the world is familiar with the name Cornelius McGillicuddy, and only the most avid baseball fans would know him better by his nickname, Connie Mack. Mack, FYI, was a baseball player in the early days of the professional game in the...
China’s largest payment and clearing network (and until very recently, China’s only payment and clearing network), UnionPay, has teamed up with 20 lenders nationwide to offer its own mobile payments product. The move comes as UnionPay attempts to capture customers back from China’s ascendant mobile pay...
Consumers in the developed world tend to think of their financial systems as complex, particularly as compared to the developing world. And while that is not an entirely incorrect perception, it might just be a little bit skewed. When it comes time to pay in...
Most Americans are entirely unaware of Alipay – and to the limited extent they are they are, their quick heuristic definition is something along the lines of “Chinese PayPal.” Which isn’t a bad starting point for a comparison. Like its American counterpart, Alipay got its...
According to reports in The Wall Street Journal, Apple is ready to take its Apple Pay show even further out on the road in 2016, with plans to launch in China by the end of February. According to sources familiar with the matter, Apple has...
