Browsing: China

Alibaba is planning a China listing by mid-2018 via the use of Chinese depositary receipts

Chinese e-commerce giant Alibaba Group Holding is planning a mainland listing via depositary receipts that could come as early as the middle of this year, Thomson Reuters unit IFR reported, citing a person with knowledge of


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Who is Richard Liu? Chinese billionaire seeks to raise profile as JD.com expands outside China

Richard, who?  Richard Liu Qiangdong may have built JD.com into China’s second-biggest e-commerce company and amassed an estimated wealth of US$11.6 billion, but he remains a relative unknown outside his home country. With recent investments into Southeast


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Here are the three sectors in China with the most billionaires … and e-commerce is not one of them

Two of the three richest people in China may have been from the internet and e-commerce space in 2017, but the top three sectors by the number of billionaires are biotechnology, property, and semiconductor and electronics


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Alibaba unveils Olympics campaign in first corporate ad push outside China

Chinese e-commerce company Alibaba Group Holding is debuting a global marketing campaign outside China for the first time, the company said on Monday, with the release of Olympic advertisements focusing on underdog stories in countries such


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China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

China UnionPay is ramping up the marketing on its recently released integrated mobile app, in an attempt to make inroads into a sector dominated by third-party payment services backed by Alibaba Group Holding and Tencent Holdings.


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Alibaba to take US$486 million stake in China retail data firm

China’s biggest e-commerce company, Alibaba Group Holding, will invest US$486 million for a stake in a domestic big-data firm focused on hotels and retail, as part of a push to deepen its offline presence. The firm


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China pulls further ahead of US in mobile payments with record US$12.8 trillion in transactions 

Mobile payment transactions in China reached a record 81 trillion yuan (US$12.8 trillion) from January to October last year, driven by the vast number of consumers across the country who have looked beyond credit cards to


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Google steps up global fight for digital wallet as China dominates mobile payments

To get a sense of how pervasive mobile payments have become in China, consider that on the eve of this year’s Spring Festival, 668 million people on Tencent Holding’s WeChat app sent virtual hongbao – digital


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