Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes details of Amazon’s new plans for India, along with a potential threat to JD.com. There is a new development from the world of real estate payments, and a large social media platform is embracing commerce. Meanwhile, there’s a new AI effort focus in China.
The move comes as the eCommerce company reportedly wants to make the country into a major market.
An analyst for Guotai Junan said the price of shares could fall further in the event that police do, in fact, charge CEO Richard Liu. However, he noted that the stock would not see a steep crash, as it has already fallen sharply this year.
The Yardi payment processing solution will now enable its corporate customers to pay vendors using a virtual card, with the services provided by Fifth Third.
The app reportedly will enable users to browse items from merchants they follow and make purchases. It’s not clear when the shopping app will be rolled out, as it is still in the development phase.
Baidu’s cloud solution will integrate Intel’s Xeon Scalable processors, as well as Intel’s Math Kernel Library for Deep Neural Network technologies, to develop financial technologies for banks in China.