Alibaba explores direct sales model, no plans to replace Tmall
TechNode: Alibaba is not going to rebrand its B2C marketplace Tmall to Maoxiang, an anonymous executive at the company’s digital business unit told local media outlet Guancha on Feb. 19. The source partially confirmed a prior rumor that Alibaba is working on Maoxiang, a new online direct sales service adopting a model similar to rival […]
Alipay transaction volume over Golden Week holiday more than doubles from last year
TechNode reported that Alipay transaction volume over Golden Week holiday more than doubles from last year. Alipay, the payment arm of Chinese e-commerce giant Alibaba, has released new statistics about this year’s Chinese National Day Golden Week (黄金周, the week-long public holiday from October 1 to 7). As expected, mobile payment saw heightened traction during the […]
Ant Financial rolls out China’s first blockchain-powered electronic medical prescription service
TechNode reported that Ant Financial has rolled out China’s first blockchain-powered electronic medical prescription service. Ant Financial and Huashan Hospital, a teaching hospital affiliated to Fudan University in Shanghai, have launched what is said to be the first blockchain-powered electronic medical prescription service in China, local media is reporting (in Chinese). The new medical prescription platform, which can […]
How big is China’s tech industry?
Tech in Asia shared an infographic showing the scale of China’s tech industry.. This infographic will help you to visualise how staggering the tech industry is in China. A lot of friends often ask me but are unable to wrap their heads around the scale that China operates in. This might help.
Jack Ma: It was Dr M’s MSC that inspired me to start Alibaba
The Star reported that it was Dr Mahathir’s MSC that inspired Jack Ma to start Alibaba. The Alibaba founder and executive chairman said that he read about MSC in a newspaper 20 years ago and found the idea inspiring. “I thought, ‘Wow, this is a genius idea. If Malaysia can do this, why can’t China. […]
JD.com launches supermarket chain to compete with rival Alibaba
E27 reported that JD.com launched its supermarket chain to compete with rival Alibaba. Beyond that 7Fresh will also provide shoppers with the option of having their groceries delivered to their homes within 30 minutes. This is an extension of the company’s emphasis on their delivery service. JD.com, or Jingdong as we call it in China, […]
WeChat allows users to set up online investment fund via TenPay
Tech in Asia reports on Tencent allowing WeChat users set up an investment fund through TenPay using their smartphones. Tencent joins Baidu and Alibaba in offering a personal finance product. Baidu does not have any widely popular products or services that require user registration; it’s mostly still used as a search engine. Alibaba’s Taobao and […]