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Alibaba Group's chairman Jack Ma and Apple's chief executive officer Tim Cook jointly announced last week that Alibaba and Apple will work together on payment services. Apple Pay plans to enter the Chinese market via Alipay and become a payment method for Chinese Apple users. But more importantly, Apple will help Alipay to expand into the international market. In the future, ...
Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company to make any profit. They will therefore implement ...
Chinese telecom operator China Unicom announced its financial report for the first three quarters of 2014, stating that by September 30 its operating revenue reached CNY215.34 billion, a year-on-year increase of 5.3%; while its net profit reached CNY10.56 billion, a year-on-year increase of 36.1%. For the mobile sector, China Unicom's revenue during the reporting period was CNY119.1 billion, the number ...
Hugo Barra, global vice president of Xiaomi, recently issued a statement that claims Xiaomi is moving its international user data from servers in Beijing to U.S. and Singapore. This is reportedly a response to previous incidents which exposed that Xiaomi smartphones automatically returned global user data to Beijing servers. Chinese telecommunications regulations require Chinese companies to ...
Chinese B2C e-commerce website JD.com and China Post Group have reached a strategic deal to jointly develop an e-commerce platform targeting cities below third-tier size in China. With the cooperation, JD.com will provide various products, including PCs, digital products, home and kitchen supplies, and cosmetics, for China Post's "people-benefit project". Those products will reach 13 Chinese ...
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