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TECH 12 Feb 2014 | 9:00 AM Premium

Alibaba payment arm says it handled US$148bil in transactions in 2013

The payment affiliate of Alibaba Group Holding Co, China's biggest e-commerce company, said on Saturday it completed more mobile payment transactions in 2013 than US-based PayPal and Square Inc combined.

TECH 18 Apr 2014 | 4:28 PM Premium

China issues banking rules to strengthen online payment security

China will limit the amount of money consumers can transfer to third-party online payment platforms, aiming to protect banks and consumers from fraud amid an explosion of online and mobile payment transactions.

TECH 24 Feb 2015 | 5:13 PM Premium

China’s Web giants do battle over ‘hong bao’ for New Year

The Chinese tradition of giving gifts of money in red envelopes at Lunar New Year has turned into big business for Web giants Alibaba and Tencent, which now both offer electronic hong bao.

TECH 14 Aug 2018 | 4:30 AM Premium

Former Tokyo-based engineer emerges as big winner from China’s love affair with the QR code

Beijing Inspiry Technology Co is among companies cashing in on the shift to smartphone-based mobile payments in China.