NEWS WRAP: Alibaba marketplaces start accepting WeChat pay
China’s leading e-commerce marketplaces had resisted using the Tencent-backed payment service for years in favor of services from its affiliate Alipay By Teri Yu E-commerce giant Alibaba Group Holding Ltd.…
PODCAST: Endangered Cash Payments, and a TikTok Bid
KFC and others are fined after some of their outlets refuse to take cash. Is cash becoming an endangered species in China? And a group led by former L.A. Dodgers owner Frank McCourt assembles a bid for TikTok's U.S. operations. Will TikTok change its mind and decide to sell?
Payment app Lianlian seeks IPO relief from cash crunch
The provider of digital payment services for businesses is burning through its funds as market competition heats up Key Takeaways: Lianlian DigiTech’s cash and cash equivalents have dwindled to only…
CHINA BULLETIN: The Incredible Sinking Yuan
In this week’s issue the incredible shrinking yuan, payment companies welcome back foreign visitors, and local governments play debt hide-and-seek. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out
Mobile payment services provider issues $70 million in convertible bonds to finance its e-commerce drive, hoping to leverage its large merchant base Key takeaways: Yeahka’s push into the highly competitive…
Yeahka in Acquisition to Boost In-Store E-commerce Business
Grappling with intense competition in the payment industry, company bets on technology-enabled services with potential to jumpstart growth Key Takeaways: Yeahka is paying 100 million yuan for 60% of consumer…
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