Market research firm Analysys International published its latest statistics: by 2015, China's third-party Internet payment scale will reach CNY13.920 trillion. The numbers also show the number of registered Internet payment accounts will be 1.378 billion; and the mobile payment scale will be CNY712.3 billion. The company said the Chinese third-party payment license structure was basically […]

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. This new business unit at Alipay is expected to provide convenient and rapid payment services to the rural market […]

Chinese telecom equipment maker ZTE announced that the company signed a new financial strategic cooperation agreement with China Development Bank for overseas project financing and a line of credit. Under the agreement, China Development Bank will expand its financing facility for ZTE to USD20 billion and the valid period is five years. The two parties […]

Taiwanese smartphone maker HTC announced that its investment in the cloud gaming service provider OnLive will lead to losses of USD40 million. According to HTC, OnLive recently completed an asset restructuring because the company was short of working capital and unable to raise new funds. HTC refused to provide further details about this investment. In […]