Welcome! Wednesday - Sep 19, 2018

Zooz, Alipay partner to give global merchants access to Chinese consumers


China Ecommerce Weekly Breif-Obserevre Intelligence

Editing by Su-Jun Lim
Zooz, Alipay partner to give merchants worldwide access to Chinese consumers

BY PYMNTS

U.S., European and Asian merchants wanting access to Chinese consumers and businesses now may enable customers in that country to pay using Alipay under a partnership payment-technology provider Zooz announced today with China’s popular online-payment service Alipay.

 

Alibaba Rival JD, Macquarie lead $50 million investment in China food delivery firm

BY REUTERS

Chinese e-commerce company JD.com Inc and Macquarie Capital have led a $50 million round of investment into online food delivery operator Daojia, as China’s e-commerce firms increasingly look to extend their reach offline.

 

UK to refund Chinese tourist visas

BY BBC

Chancellor George Osborne has announced plans to refund the cost of up to 25,000 visas for Chinese tourists in an attempt to attract more visits to the UK.

 

Alibaba in funding talks with Snapdeal as it looks to enter India’s booming online retail space

BY ECONOMIC TIMES

China’s Alibaba has been in talks with Snapdeal as it looks to enter India’s booming online retail industry. Delhi-based Snapdeal is one of India’s biggest online marketplaces. It was said that the company is also attracting attention from other Asian conglomerates including Japan’s Rakuten and SoftBank.

 

China’s Tencent wants to make movies (just like everyone else)

BY THE WALL STREET JOURNAL

The film bug is proving contagious in China’s tech industry. Tencent announced Wednesday a new movie division called Tencent Movies+. The company outlined plans for its first seven original movies, one of which will be based on a novella by Nobel-prize winner Mo Yan. Earlier this summer, Alibaba just paid more than $800 million for a majority stake in Chinese film-production studio ChinaVisionMedia Group Ltd., followed by a deal in July with U.S. studio Lions Gate Entertainment Corp.

 

China Mobile Partners with AmEx on M-Payments

BY MOBILE WORLD LIVE

China Mobile, a state-owned telecommunication company, partners with AmEx to offer mobile payment services for Chinese consumers while shopping overseas. It is also working with domestic banks for transferring fund from Hebao accounts and AmEx electronic checks.

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