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Alibaba Invests RMB 90 Mln in Cosmetics Retail Management Solutions Provider Pekon
36Kr.com, 7/19/18
Shanghai-based cosmetics industry-focused retail management solutions provider Bingkun Digital Technology (Pekon) recently announced completion of RMB 90 mln in Series B funding led by Chinese internet conglomerate Alibaba Group (NYSE: BABA) with participation by prior-round investor LightHouse Capital Management. Read More
Smartphone, PC ODM Huaqin Telecom Wins RMB 870 Mln Series A
PE Daily, 12/28/17
Shanghai-based mobile phone developer and manufacturer Huaqin Telecom Technology has announced completion of RMB 870 mln in Series A funding led by Intel Capital and Hua Capital with participation by Beijing-based Qingkong Jinxin Capital Management, Summitview Capital, Walden International, Northern Light Venture Capital (NLVC), and Zhilu Capital. Read More
E-payment Company Lakala to IPO on Shenzhen's Growth Enterprise Board
Lakala Payment, 3/03/17
Legend Holdings recently announced that e-payment services company Lakala Payment, in which Legend Holdings controls a 31.38% stake, recently submitted an application with the China Securities Regulatory Commission (CSRC) to pursue an A-shares listing on the Shenzhen Stock Exchange's ChiNext growth enterprise board. Read More
Alipay Introduces Stricter Terms of Use in Compliance with New PBoC Rules
Sina Tech, 12/01/16
Chinese third-party payment processor Alipay has announced the Notice on Safeguarding the Security of User Funds by Combating Telecommunication Fraud, a series of usage limitations introduced to comply with new regulations from the People's Bank of China that went into effect today. Read More
China to Implement Internet Financial Risk Regulations by March 2017
DoNews, 10/13/16
The State Council, China's cabinet, has issued remedial regulations specifically targeting internet financial risk that must be implemented before the end of March 2017. Read More
China UnionPay, 20 Banks Launch Virtual Payment Card 'Cloud QuickPass'
Tencent Tech, 12/14/15
Chinese banking network China UnionPay recently announced that it will ally with over 20 merchant banks to launch a virtual payment card called Cloud QuickPass. Read More
Shanghai Telecom to End Dial-up Internet Support
Eastday.com, 6/04/14
China Telecom's (NYSE: CHA; 0728.HK) Shanghai subsidiary has announced that, beginning at midnight on July 1, the company will no longer provide dial-up internet services within Shanghai. Read More
Jingdong Launches Rebranded Chinabank Payment Platform
Tencent Tech, 3/07/14
Beijing-based B2C e-commerce platform JD.com (Jingdong) re-launched its online and mobile payment service today, "Chinabank Wallet" ("Wangyin Qianbao"), stating that the company plans to consolidate all user payments, consumer loans, and investment services onto the platform. Read More
POS Terminal Manufacturer Xinguodu to Acquire Gaming Firm Fantexi
Shenzhen Stock Exchange, 2/21/14
Shenzhen-based POS terminal manufacturer and e-payment solutions provider Xinguodu (300130.SZ) has announced the acquisition of a 100% stake in Shenzhen-based online game developer and operator Fantexi for a combined RMB 840 mln in cash and stock. Read More
Lafaso Expands Return Service
BiaNews, 9/10/13
Beijing-based women's B2C e-commerce site Lafaso (Lefeng.com) announced today that the company has added 18 cities in 8 different provinces to the list of cities that offer in-home pickup for returns and exchanges. Read More
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