Posts tagged as tencent

  • The big e-commerce corporations are eyeing the growing market of online-to-offline purchasing. (C)

    Thursday, October 8th 2015

    Alibaba, Tencent team up to control online-to-offline business

    by Markus Huber

    Who would have guessed? The two arch-rivals in China’s e-commerce sector are reportedly about to team up for a strategic alliance in local online-to-offline services. The two competitors have invested some $15 billion in two players in that particular field, and, and could lead them into a merger. The businesses are backed by the […]

  • Monday, July 13th 2015

    Chinese authorities sharp on corruption at internet giant

    by Markus Huber

    Chinese authorities have arrested a couple of former executives from the local internet giant Tencent. One of them now works as a top manager at Tencent’s arch rival the Alibaba Group. They were detained for alleged bribes. Alibaba was quick to declare that its employee detained by the police, Patrick Liu, was not arrested for any […]

  • (C)

    Thursday, April 9th 2015

    Alibaba establishes own bank

    by Markus Huber

    What to do with billions of dollars from the largest initial public offering in history? Put it in the bank. How about founding your own? That’s exactly what China’s largest e-commerce provider, Alibaba, plans to do by becoming a financial services provider. Initially, through its Ant subsidiary, Alibaba will set up its own index to monitor companies in mainland China, […]

  • alipay_library_logos_alipay_large

    Friday, February 20th 2015

    Chinese New Year: Alipay fills digital envelopes with billions in cash

    by Markus Huber

    Alipay, the payment system of China’s internet giant Alibaba, helped its customers – possibly more than 190 million – to fill a digital version of traditional envelopes stuffed with money. It is an old Chinese tradition to send red envelopes with money to family and friends on the occasion of New Year’s Eve (this year in the night […]