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China's Tenpay, American Express Join For International Internet Payment Services
October 4, 2011Tenpay, the Internet payment subsidiary of Chinese technology firm Tencent, and American Express have reached an agreement to jointly provide Internet payment services to Tenpay's overseas users who purchase goods from American Express vendors.
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Heightened Chinese Inflation Pushes Renren.com To Offer Employee Loans
September 16, 2011Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.
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Twenty-seven Chinese Companies Gain Third-party Payment Licenses
May 27, 2011The 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.
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Alipay.com Teams With Chinese Banks For Convenient Internet Payments
April 22, 2011Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.
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Alibaba Plans To Open Physical Banks In China
October 20, 2010Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.
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China's Super Online Banking System Launched In Four Cities
October 18, 2010The People's Bank of China's second generation Internet payment system, which is also know as the super online banking system, has been formally launched in Shenzhen, Tianjin, Beijing, and Guangzhou.
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Taobao.com, BOC Launch Joint Credit Card
January 25, 2010Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a joint-brand credit card.
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Card Fraud: IBM Employee Information Disclosed By Supplier In China
August 27, 2009According to South Metropolitan Daily newspaper, the personal data of more than 1000 employees of IBM Shenzhen has been disclosed and used to apply for credit cards.
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Alipay To Lift Limit On Large Credit Card Payments
August 27, 2009Alipay, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it will lift the limit on large credit card payments.
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BOC, Alibaba Eye Deeper Internet Cooperation
July 27, 2009Bank of China and the Chinese B2B e-commerce group Alibaba have signed a comprehensive strategic cooperative agreement to jointly provide e-commerce value-added services to customers.
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Alibaba.com Helps Chinese SMEs Gain CNY6 Billion Loans
February 4, 2009Chinese B2B e-commerce giant Alibaba plans to help Chinese small and medium enterprises gain CNY6 billion in loans from banks in 2009 to help them overcome the impact of the global financial crisis.
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Bank Of China To Fight Illegal Internet Credit Card Activity
December 1, 2008The People's Bank of China and the Ministry of Public Security of China jointly held a press conference on their special action to fight crimes involving bank cards.
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Chinese Netizens Now Have Installment Credit Services
August 22, 2008Chinese online payment company 99Bill has launched an installment credit service — a first in China for e-payment services — to allow consumers to buy goods by paying in installments.
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Acorn Blames Sichuan Earthquake For 25% Net Revenue Drop
August 20, 2008Chinese TV shopping company Acorn International (ATV) says quarterly net revenues were USD47.2 million, a decrease of 25.4% compared to USD63.3 million in the second quarter of 2007, as it announced its second quarter financial results for the three months ended June 30, 2008.
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Security Wars: China Establishes Alliance To Fight Phishing Websites
July 25, 2008Formed by Chinese banks, securities institutions, e-commerce websites and domain name management and service organizations, the China Anti-phishing Website Alliance has been founded to fight phishing websites through better management of domain names and domain name servers.
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