Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome

Alibaba has taken another step in its quest to build a new retail empire. The Chinese tech titan announced today that it will invest approximately RMB 5.45 billion (around $866 million) for a 15% stake in Easyhome (居然之家), China’s leading home improvement supplies and furniture chain operator. Alibaba will support the digital transformation of Easyhome’s … More Alibaba’s offline expansion widens to home furnishing with 15% stake purchase in Easyhome

Alibaba amps Up New Retail Strategy with Home Improvement Chain Easyhome Investment

E-commerce giant Alibaba Group Holding Ltd. said on Sunday it will pay 5.45 billion yuan ($865 million) for 15% of one of China’s leading traditional home improvement chains, extending its strategy of combining online and offline retailing. The investment in Beijing Easyhome Furnishing Chain Store Group Co. Ltd “underscores Alibaba’s commitment to furthering the new … More Alibaba amps Up New Retail Strategy with Home Improvement Chain Easyhome Investment

China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

China UnionPay is ramping up the marketing on its recently released integrated mobile app, in an attempt to make inroads into a sector dominated by third-party payment services backed by Alibaba Group Holding and Tencent Holdings. Under a promotional campaign that winds down on March 2, participants who download and use the QuickPass app to … More China UnionPay rolls out cash incentives on integrated payment app, ramping up battle with Alibaba and Tencent

Finland Becomes First “All-Alipay” Destination in the World – Alipay sends eight Chinese tourists on a cashless experiment in Finland

According to Alibaba’s corporate news service, Alizila, Finland has become the first destination in the world to offer Chinese tourists an “all-Alipay” travel experience. Finland, perhaps one of the most aggressive destinations in the world in terms of rolling out Chinese-focused travel technology, is now said to have reached a level of adoption that allows … More Finland Becomes First “All-Alipay” Destination in the World – Alipay sends eight Chinese tourists on a cashless experiment in Finland

Alibaba Cloud launches Malaysia City Brain

The cloud computing arm of Alibaba Group, Alibaba Cloud, today announced the launch of its Malaysia City Brain initiative, the first of its kind to be adopted overseas. This will be done in a joint effort with the Malaysia Digital Economy Corporation (MDEC), the country’s digital economy development agency, and Dewan Bandaraya Kuala Lumpur (DBKL), … More Alibaba Cloud launches Malaysia City Brain

China leans on Alibaba and Tencent to digitize public services

On January 15, a public hearing took place in the southern Chinese metropolis of Shenzhen. Instead of having to jump through the usual bureaucratic hoops, participants dialed in virtually – via China’s most popular social app, WeChat. In the past, they would have to submit a signup form via email or in person, wait a … More China leans on Alibaba and Tencent to digitize public services

Baidu, Alibaba and Tencent set to dominate programmatic ad spend in China for the foreseeable future

Chinese Internet giants Baidu, Alibaba and Tencent (BAT) will account for the lion share of programmatic expenditures in China as advertisers are predicted to invest $22.81 billion on programmatic digital display ads this year in the Asian country, with mobile accounting for 83.7% of that total. This is according to eMarketer’s latest forecast of programmatic … More Baidu, Alibaba and Tencent set to dominate programmatic ad spend in China for the foreseeable future

Blocked MoneyGram Deal Limits Alipay’s Global Ambitions

Alipay operator Ant Financial’s proposed $1.2 billion purchase of Dallas-based money transfer firm MoneyGram was finally blocked by the Committee on Foreign Investment in the United States (CFIUS), a U.S. government inter-agency regulatory body. Ant Financial was unable to convince the committee, even with three filings for approval, that Ant Financial would be able to … More Blocked MoneyGram Deal Limits Alipay’s Global Ambitions

WeChat Pay Launches ‘Flagship Airport’ Program in Battle Against Alipay, UnionPay

Perhaps nowhere is the battle for Chinese tourists’ payments more obvious than in airports. For Alipay and WeChat Pay, presence in international airports is required to maintain the impression that their platforms genuinely are available in the international space. If these payment options aren’t even available in the most international of spaces—the airport—why would Chinese … More WeChat Pay Launches ‘Flagship Airport’ Program in Battle Against Alipay, UnionPay

Alibaba invests in electric car startup Xpeng

Online shopping giant Alibaba has invested in an electric car startup, it said today. Alibaba confirmed the move this evening to Tech in Asia following rumors in Chinese media about it funding Xpeng(also known as Xiaopeng), which last month launched its first vehicle, the all-electric Identy X SUV. The funding amount isn’t disclosed, but several … More Alibaba invests in electric car startup Xpeng