Tag: china mobile commerce

Alibaba to bring mobile payments to Intime Retail

Stephen Vagus
Mobile payments platform

Alibaba makes an investment in department store operator Intime Retail One of China’s largest Internet groups has made its first investment in the traditional brick-and-mortar space. Alibaba has backed Intime Retail, a department store operator based in Hong Kong. Intime Retail operates 36 department stores throughout mainland China, each carrying luxury brands like Gucci. Alibaba has taken up a 25% stake in Intime Retail with a $692 million investment. The move is expected to have a significant impact on Alibaba’s initial public offering, which is expected to be launched later…

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Tencent to leverage mobile commerce services through new investment

Stephen Vagus
Mobile Commerce Trends

Tencent invests $180 million in Leju, acquires 15% stake in company China’s Internet giant Tencent continues to make moves in the digital space. The company has made a $180 million investment in Leju, a provider of digital real estate services based in China. Tencent now has a 15% stake in the company and believes that Leju can further bolster its digital presence. Tencent has become engrossed in the mobile field, making investments in several mobile commerce firms over the past several months. The company is currently competing with Alibaba, which…

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China’s central bank introduced new regulations targeting mobile payments

Stephanie Beck
ATM mobile payments qr code integration

People’s Bank of China unveils draft regulations aimed at the mobile commerce sector The People’s Bank of China has issued two drafts concerning regulations for online payment providers. The regulations are meant to introduce new restrictions on the digital finance sector in order to provide more protections to consumers and businesses concerning mobile commerce. Mobile payments are still quite new and lack any comprehensive regulatory structure. Without adequate regulation, mobile payment services are not required to adhere to any specific standards, therefore leaving some consumers exposed to possible exploitation due…

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Tencent purchases stake in JD.com to further mobile commerce endeavors

Stephen Vagus
mobile commerce trend interest

Tencent purchases 15% stake in JD.com, aims to compete with Alibaba more aggressively Tencent, one of the largest Internet organizations in China, has announced that it will purchase a 15% stake in JD.com, a prominent e-commerce firm. The move comes as Tencent prepares to compete with Alibaba more aggressively. Both Tencent and Aliabab have plans to dominate the mobile commerce field, and both intend to fight for that position. Tencent’s stake in JD.com may help give it the edge over Alibaba in the near future. E-commerce firm continues to attract…

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WeChat update makes mobile commerce possible for all retailers in China

Stephen Vagus
mobile commerce shopping

New update allows the popular app to serve as a universal mobile shopping and payments platform China’s Tencent is beginning to push into the mobile commerce field more aggressively. The company’s most popular application, WeChat, has been updated to introduce a new feature. Now, all Chinese brands will be able to support mobile payments made through the application. Thanks to the update, WeChat can be used for in-store purchases as well as online purchases. The update may help solidify WeChat as the leading mobile commerce platform in China. Demand for…

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