Alipay.com, Alibaba's third-party Internet payment subsidiary, and Newegg.com.cn, the Chinese branch of the U.S.-based Internet electronics and digital products retailer, have reportedly formed a strategic partnership. According to reports in Chinese local media, the two parties will enhance their cooperation in market operations. The will promote convenient login and convenient payments; and the two companies [...]

China Telecom's Beijing branch has published a report, stating that it will open a mobile phone payment function for its eSurfing 3G users. With this new function, users can inquiry about their bank card balances, pay mobile phone fees, pay credit card bills, and transfer money between bank cards with their mobile phones. They can [...]

A representative from China Unicom's product innovation department revealed that the operator's mobile phone payment service is undergoing trial use in four cities, including Beijing, Shanghai, Guangzhou, and Chongqing, and the service will be formally put into commercial use in these cities from November 2010. The representative said that China Unicom's mobile phone payment service [...]

The China Telecom Chongqing branch has launched a new mobile payment platform for students, aiming to promote the information development on campuses via the Internet of Things technologies. With this platform, various cards, including student cards, cafeteria cards, and library cards can be integrated into mobile phones to realize real-time management and control as well [...]

China UnionPay has collaborated with commercial banks, mobile communication operators, and mobile phone manufactures for the establishment of the Mobile Payment Industry Alliance in China.
The Mobile Payment Industry Alliance aims to break the barriers in different industries to set up a platform for communication and close coordination for Internet payment services. Parties of the alliance [...]

Chinese telecom operator China Mobile has finally published an official announcement, confirming that it will invest CNY39.8 billion to acquire a 20% stake in Shanghai Pudong Development Bank.
China Mobile Guangdong and SPD Bank have signed an agreement, under which China Mobile Guangdong will conditionally acquire the stake for cash consideration of CNY39.8 billion; while SPD [...]

China UnionPay and China Unicom have signed an agreement in Beijing to form a strategic [...]

Taobao.com, the Internet shopping subsidiary of the Chinese B2B e-commerce group Alibaba, has announced that it will cooperate with China Mobile to launch a new mobile phone short message-based price comparison service.
With this new service, mobile phone users will be able to inquire about the prices of goods sold on Taobao.com when they are shopping [...]

Alipay, the Internet payment subsidiary of the Chinese B2B e-commerce group Alibaba, has confirmed that after a one-year distribution timeline, its mobile phone payment service will enter an official promotion stage this year.
At present, Alipay has published recruitment information to hire wireless development engineers, including mobile phone product developers, wireless product managers, and wireless system [...]

According to China Mobile's Shanghai branch, its regulations related to micropayments made with mobile phones have been completed and consumers in Shanghai will soon be able to pay with mobile phones in McDonald's and Starbucks.
China Mobile Shanghai said with a new SIM card that integrates the payment function, people in Shanghai can pay with their [...]

China Mobile Zhejiang branch has announced plans to cooperate with Zhejiang Alipay Internet Technology, the online payment subsidiary of the Chinese B2B e-commerce company Alibaba Group, to provide an additional payment channel for the customers of its online store.
With the cooperation, China Mobile Zhejiang will connect its system to that of Alipay to make the [...]

Chinese telecommunications operator China Unicom has announced that after launching online enquiry and payment functions for mobile phone users across China, the company has now opened a fixed line payment function that is available in 10 northern Chinese cities and provinces, including Beijing, Tianjin, Hebei, Heilongjiang, Liaoning, Jilin, Shandong, Shanxi, … Read More>>