Who Knew Chinese Food Delivery Could Get So Big?

takeoutNow that Ele.me’s agreement with Alibaba and Ant Financial for a combined USD1.25 billion investment is signed, the company has …

Xunlei Partners With China Construction Bank For Pre-IPO Financing

Chinese Internet company Xunlei has formed a strategic partnership with China Construction Bank’s Shenzhen branch to gain a CNY10 billion loan and a customized capital management program for Xunlei over the next three years. Luo Lan, vice president of Xunlei, said that the cooperation aims to provide financial security for Xunlei’s rapid expansion, enhance the […]

China’s Alipay Targets China’s Rural Areas With Online Payments

Alipay.com, the Internet payment subsidiary of Alibaba Group, confirmed that the company has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.

Alipay.com’s New Platform Will Integrate Internet Shopping, Banking Accounts

Alipay.com, the Internet payment subsidiary of Alibaba Group, launched a new platform to integrate various Internet accounts, covering Internet shopping and banking.

360buy.com Offers Interest-free Loans To Employees

Chinese B2C e-commerce website 360buy.com has announced plans to offer interest-free housing and car loans to employees, and the total amount available will reach several hundred million Renminbi.

Heightened Chinese Inflation Pushes Renren.com To Offer Employee Loans

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000.

A Boss With Benefits: Alibaba Responds To China’s Rising Inflation

Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.

Alipay.com Teams With Chinese Banks For Convenient Internet Payments

Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service.

China’s Alibaba, SRCB Form Partnership

China’s B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.

China’s Alibaba Establishes Small Loan Company

Chinese B2B e-commerce group Alibaba has established a small loan company in Zhejiang to provide loans below CNY500,000 to its sourcing and procurement clients in Zhejiang.

Shanghai’s Internet Cafe Industry Gains First Financial Support From Bank

The Shanghai Internet Cafe Industry Association and Bank of Hangzhou have reached an agreement to launch a joint guarantee loan program for Internet cafe operators in Shanghai, according to information from the official website of Shanghai Municipal Administration of Culture (Radio), Film & TV.