(source: tencent.com)
Alibaba’s biggest rival in China, Tencent, has just led a $350 million funding round for a startup called Koudai Gouwu that could challenge Alibaba where...
Alipay Wallet has confirmed 190 million annual active users and is delivering 45 million daily transactions, with more than half of that coming directly from...
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba...
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba...
Alibaba and Tencent are engaged in a struggle to control the internet, both in China and possibly worldwide. Their latest battlefield will apparently be financial...
As part of an effort to push its mobile payment app as deeply into retail as possible, China-based Tencent Holdings has increased the size of...
Order imbalances may have delayed Alibaba’s initial public offering for a bit on Friday (Sept. 19), but the company made a ton of money nonetheless....