In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
Alipay
Trump Administration mulling options to include China’s Ant Group to Entity List
According to two sources familiar with the matter at hand, the U.S. State Department has submitted a proposal to the Trump administration to add China’s Ant Group to its Entity List. The development comes at a time when when the… Read More ›
Tencent Holdings Ltd and Alibaba Group Holding Ltd jostle for dominance in China’s $13 trillion mobile payment market
China’s online and brick-and-mortar retailers world are being forced to take sides as both giants battle it out for dominance over China’s $13 trillion mobile payment market. Chinese tech giants, Tencent Holdings Ltd and Alibaba Group Holding Ltd are forcing… Read More ›
Stripe partners with Alipay and WeChat Pay to tap China’s e-commerce market
The deal allows Chinese consumers to make international payments through Stripe. In a significant development, Stripe a Silicon Valley startup, has partnered with China’s Alipay and WeChat, to enable digital payments for merchants using its platform globally. Now Stripe can… Read More ›