China BizTech News Weekly Digest – July 7, 2014

Editing by Su-Jun Lim

Stripe Inks Deal With Alipay to Connect Chinese Shoppers With Western Brands

BY RECODE

Stripe, a payments company cofounded by the Collison brothers, has partnered with China’s Alipay to provide Chinese consumers more opportunities and access to western products, with the goal of creating a totally integrated, frictionless transaction worldwide.

 

The Chinese Dream

BY FINANCIAL TIMES

“If a product is right and the communication well done, China is a highly rewarding environment.” In a highly responsive market like China, instinct can serve better than too much analysis and unwritten rules are as important as written ones, says Yann Debelle de Montby, the British chief executive and co-founder of a consultancy in Shanghai.

 

Luxury outlet shopping villages expand in China

BY FINANCIAL TIMES

Value Retail, a European chain that operates the UK’s Bicester Village outlet center, opened a 35,000 square meters luxury outlet shopping village in Suzhou, setting to take China’s increasingly sophisticated consumers. The center will only be fully open late September, but customers are already pouring in.

 

Alibaba, Chinese Internet Giant, Picks N.Y.S.E. for Its Listing

BY DEALBOOK

Alibaba, which is highly anticipated being one of the biggest IPOs in years, chose New York Stock Exchange to be the market home and planned to list under the ticker symbol BABA.

 

Alibaba Details its Logistics Capabilities in a New IPO Filing

BY LOGISTICS VIEWPOINTS

Alibaba Group Holding Ltd. released details on its approach to logistics ahead of its highly anticipated IPO, following investors’ skepticisms. Unlike Amazon.com, Alibaba does not take ownership of inventory, which clearly makes fulfillment reliability difficult. However, Alibaba is currently far more profitable than Amazon, despite being a much smaller company.