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Rumor: China Issues E-payment Licenses for Securities Purchases
21st Century Business Herald, 5/10/12
A source close to the China Securities Regulatory Commission (CSRC) has disclosed that Chinese third-party payment processors Alipay, Tenpay, and 99Bill have all been granted CSRC approval to provide third-party payment for the purchase of shares in investment funds and settling of accounts, and will receive their licenses to do so this week. Read More
Huawei Invests in Third-Party Payment Firm YeePay
Sina Tech, 9/16/11
Tang Bin, CEO of Chinese third-party payment processor YeePay, revealed recently that YeePay received an undisclosed amount of funding earlier this year from Chinese telecom equipment and terminal manufacturer Huawei. Read More
Online Video Site Joy.cn Issues Virtual Currency
DoNews, 7/26/11
Chinese online video company Joy.cn recently began issuing virtual currency for use with its VOD service (pay.joy.cn). Read More
Rumor: China Payment Association to Hold Inaugural Meeting in May
Southern Metropolitan News, 5/19/11
According to multiple industry sources, the People's Bank of China (PBoC) yesterday announced that the Chinese Payment and Clearings Association will hold its first meeting in the Great Hall of the People in Beijing on May 23, 2011. Read More
Rumor: China's Third-Party Payment Firms Cut Overseas Ties
Oriental Morning Post, 5/13/11
A number of third-party payment processors applying for licenses from the People's Bank of China (PBoC), such as Tencent's (0700.HK) Tenpay, YeePay, 99Bill, and Lakala, are cutting ties with foreign investors, according to an industry source. Read More
YeePay: China's Third-Party Payment Sector to Grow 80% in 2011
DoNews, 2/12/11
Tang Bin, CEO of Chinese third-party payment processing platform YeePay, today estimated that China's third-party payment industry would grow approximately 80% in 2011. Read More
Tenpay Wins Unicom Online Payment Bid
TechWeb, 10/23/09
A source at Tencent (0700.HK) third-party payment service Tenpay revealed that Tenpay has won in China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) bidding for online payment services. Read More
Alipay Responds to Charges of Aiding Pornographers
Sina Tech, 7/14/09
Responding to media reports that it had provided payment processing services for pornographic pay sites, third-party payment processor Alipay said today that it had always had a strict policy of banning customers engaged in illegal transactions, adding that it has a dedicated team devoted to investigating customers. Read More
Xunlei, YeePay Ally on Gaming Payments
Xinhua PRNewswire, 8/21/08
Chinese download tool developer and game platform operator Xunlei has formed an agreement with third-party payment provider Yeepay, under which Yeepay will provide online- and mobile payment services for Xunlei's online gaming platform. Read More
Chinese Tech Start-Ups Win Recognition
Marbridge, 5/29/08
At the recently concluded CHINICT 2008 telecom and IT industry conference in Beijing, several Chinese start-ups won recognition as leaders in their respective sub-sectors. Read More
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