Deal comes a year from Alibaba’s $1b purchase of a controlling stake in Lazada.
By Shiwen Yap
Ofo’s competitor Mobike has formed a similar partnership with WeChat.
Online payments firm Paytm, run by One97 Communications Pvt. Ltd, will invest Rs600 crore over the next 10 months to expand its QR code-based payment network, the company said on Monday. Noida-based Paytm said it is aiming to add 10 million merchants enabled with these codes across 650 districts by… Read more »
Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as… Read more »
Backed by Ant Financial, owner of Alipay, and Tencent Holdings Ltd., Zhongan works with internet companies to provide policies for China’s younger users in the automotive, health care and online shopping sectors.