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Shanghai-based Xingyi Information Technology, operator of online and mobile anti-fraud solutions brand Maxent, announced that it completed RMB 50 mln in Series A+ funding led by DCM Ventures in March 2017, with participation by Series A investor Vertex Ventures. Read More
Zhang Bin, general manager of Union Mobile Pay (UMPay), China Mobile (NYSE: CHL; 0941.HK) and China UnionPay's mobile payment joint venture, recently disclosed that the company aims to obtain a third-party payment license by the end of this year. Read More
Online and mobile e-commerce platform www.5i25.com, which is managed by China Mobile and China UnionPay's joint venture, Union Mobile Pay (UMPay), has officially begun online open beta trials. Read More