Chinese third-party Internet payment service provider Alipay.com announced that the company has established a new subsidiary in Sydney, Australia. Alipay will reportedly continue with a local joint venture with Paybang to meet the shopping demands of Australian and Chinese consumers. Alipay will also work together with Australia Post to promote Alipay shopping cards in ...
Media have been opining and hyping Alibaba's USD21.8 billion IPO impact on the global Internet ecosystem and how the company plans to invest its new wealth. Unlike most IPOs, many early investors in Alibaba will have no lock-up period and they can sell their shares today. Though CEO Jack Ma pledged that customers are more important than investors to Alibaba's growth, this uncommon nod towards ...
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