Alipay
June 1, 2011 - 5:38am | News | Other themes
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According to the latest speculations in the media source Yahoo has at last resolved its problems with Alibaba over transferring Alipay payment system.
One of the sources reports that the companies reached an agreement before Yahoo's analyst meeting last Wednesday. However, the deal requires the consent of Softbank Corp founder Masayoshi Son, an Alibaba board member, who has been reluctant to come to the negotiating table.
Yahoo claimed it had been blindsided last month by Alibaba's restructuring of Alipay. Meantime, Alibaba said that Yahoo was aware of the transaction. |
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May 16, 2011 - 12:52am | News | Payment systems
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Yahoo Inc. and Alibaba Group made a statement on Sunday that they are negotiating to resolve differences over the spin-off of Alibaba’s online payment business Alipay.
A Chinese ecommerce giant Alibaba and major stockholders Yahoo and Softbank Corp. are in talks “to resolve the outstanding issues related to online payment system Alipay in a manner that serves the interests of all shareholders as soon as possible,” the statement said. |
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November 5, 2010 - 8:30am | News | Payment systems
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Students in China who take GMAT (Graduate Management Admission Test) exams can now purchase from the mba.com store, the official supplier of test-preparation material for the GMAT, using Chinese third-party online payment solution Alipay.
Being based on a third-party model Alipay allows people to confirm that they are satisfied with a purchase before releasing payment to the merchant. In addition to Alipay, people in China can use major credit cards to make purchases from the mba.com store. |
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April 12, 2010 - 3:08am | News | Payment systems
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As it became known, Alibaba Group plans to invest a total of RMB5 billion (that equals $732 million) over the next five years to China’s largest online payment network Alipay.
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December 23, 2009 - 2:45am | News | Payment systems
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Polo Shao, the AliPay President, is leading his company heading toward the mobile payment market, seizing mobile Internet market. So, the daily transaction value of AliPay has exceeded CNY 1.2 billion.
AliPay has set up independent R&D team for the development of related products in a move to accelerate the development of mobile payment market.
Currently, 2% to 3% of AliPay users accomplish their payment s through mobile phones. Meantime, the company representatives forecast that the figure will reach 10% to 15% next year.
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September 3, 2009 - 10:46am | News | Payment systems
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The Chinese online payment solution Alipay has formed relationships with more than 300 global branded companies in the U.S., Europe and Asia in the past year to provide cross-border online payment service for those companies in China. Thus, retailers from Japan, Korea and Italy including Marui Group, Yodobashi Camera Company Limited, IDEN and Forzieri use Alipay’s online payment solution. |
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August 6, 2009 - 6:14am | News | Payment systems
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Chinese third party online payment system Alipay has established a strategic relationship with Spring Airlines, China's first low-cost airline. Now travelers can book their tickets for Spring Airlines' flights through Alipay.com.
Wang Zhenghua, the president of Spring Airlines, says that at the moment half of the online ticket sales are completed through a third-party payment platform. |
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August 3, 2009 - 6:33am | News | Payment systems
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italki, a language learning social network, declared they will be working with Alibaba’s payment provider subsidiary Alipay to bring premium English learning content and American certified teachers to China through Eleutian Technology. Eleutian offers one-on-one internet tutoring with native English-speaking teachers and Eleutian's SpeakENG product, which incorporates Pearson's English language content. |
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July 28, 2009 - 5:11am | News | Payment systems
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Trustwave, the leading provider of on-demand data security and payment card industry compliance management solutions to businesses and organizations throughout the world, has been chosen by Alipay to provide PCI DSS compliance validation services. Payment Card Industry Data Security Standard is the payment card industry security requirement for entities that store, process or transmit cardholder data, and has been endorsed by several major card brands such as Visa Inc., MasterCard Worldwide, Discover Network, American Express and JCB.
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July 23, 2009 - 9:45am | News | Payment systems
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Thursday, China's e-commerce leader Alibaba Group announced about its collaboration with the Bank of China on international business development and domestic programs expanding.
This deal follows senior Alibaba executives visit to Silicon Valley earlier this year, who met with such companies as Google, eBay and Amazon.com in order to discuss possible partnerships. Thus, Alibaba raised the topics, including bringing its online auction and payment platforms to the US.
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July 20, 2009 - 2:15am | News | Payment systems
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Chinese customers are now able to purchase cars from the Volkswagen-owned Czech automaker Skoda without any need to leave their homes. The car company is the first to offer online payment services to buyers in China. On a dedicated website ebuy.skoda.com.cn potential Skoda consumers can negotiate and perform transactions right from their PCs.
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July 8, 2009 - 9:51am | News | Payment systems
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According to the announcement of Alipay, a subsidiary of Alibaba Group and main payment tool of Taobao.com online auction, made on July 6 it has left PayPal behind and became world’s to be the world's biggest third-party online payment platform with more than 200 million users.
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June 19, 2009 - 11:27am | News | Payment systems
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Chinese ecommerce giant Alibaba.com Ltd. announced its plans to partner with HSBC Holdings plc and Citibank A.S. in expanding its online payment service Alipay on an international level, says the B2Bmarket blog.
"The company will allow account holders of the two global lenders to pay and transfer funds online via Alipay platform. It is also reported earlier that the Hangzhou-based company plans to cooperate with MasterCard Incorporated and Visa Inc to launch an internationalized Alipay settlement platform."
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June 17, 2009 - 4:46am | News | Other themes
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On Wednesday, Alibaba, Chinese B2B e-commerce group, unveiled its plans to implement a newly-developed product "Ren Mai Tong" integrating e-commerce and the social networking service functions in a move to provide an online community for business people. Additionally to providing with online gaming interactive functions, new service is also focusing on the business networking activities to ensure better business relations.
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May 11, 2009 - 5:18am | News | Payment systems
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According to the latest reports Chinese Alibaba.com Ltd which is the largest online B2B marketplace in the world, has plans to enter into the partnership with HSBC Holdings plc and Citibank A.S. The main objective of the deal will be turning its unit Alipay payment system into an international online payment platform.
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