25. February 2014

China E-Commerce Over 100 Million Alipay Payments During Spring Festival Over 100 million Alipay payments were made during the seven-day holiday of 2014 Spring Festival, 52% of these were mobile. Meanwhile Alibaba announced that the real-name users of Alipay approached 300 million by the end of 2013, with more than 100 million users using the mobile service for most of payments. Altogether subscribers made 12.5 billion payments during 2013, totaling over CNY900 billion. Data also revealed that...

24. February 2014

China E-Commerce Alibaba May Buy AutoNavi Alibaba Group Holdings revealed that they are interested in buying Autonavi. The E-commerce enterprise has provided a non-binding proposal letter to digital map content and navigation company AutoNavi, purposing $1.1 billion to make it a wholly owned subsidiary. Currently Alibaba holds about 28% of AutoNavi’s shares. If the deal goes through, Alibaba said the goal is to improve customer service capacity by sharpening the competitiveness of AN’s map...