Second-hand Purchasing Goes Online In China
Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.
Alipay.com, the third-party Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has launched a new Internet trading platform for second-hand products.
China's online retail world is facing a fractured partnership as a leading shopping site ends an agreement with a top payment site.
Consumers and companies buying products from retailers via AliExpress in China are soon to lose an important Internet payment channel.
The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com.
Alipay.com, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks.
Alipay, one of the largest independent third-party payment service providers in China, has formally reached an agreement with Marui Company, one of the oldest department stores in Japan.
According to Chinese online shopping platform Taobao.com, the company is currently deploying offline retail kiosks and payment points across China to complement the over 4,000 locations it has already opened in Beijing in such supermarkets…
Chain convenience store group 7-Eleven has jointly announced with China UnionPay the launch of a financial service plan, providing China UnionPay's standard card users in Guangdong with a series of convenient payment services.
Amazon.cn has announced plans to cooperate with Alipay, an online payment provider and sister company of Amazon.cn's competitor Taobao.com — which is owned by Alibaba.com.