To enhance its capital capacity and support the construction of its procurement, logistics, information, and human resources platforms, Chinese electronics and home appliances retailer Suning announced plans to issue up to CNY8 billion in corporate…
Diners Club International Ltd., a business unit of Discover Financial Services, and Industrial and Commercial Bank of China announced plans to bring a new Diners Club International franchise to the Asia Pacific region.
Chinese third-party Internet payment company 99bill.com announced that it will launch a new brand image and its new brand core value will focus on providing professional and effective liquidity management solutions to enterprises.
Consumers and companies buying products from retailers via AliExpress in China are soon to lose an important Internet payment channel.
The People's Bank of China has published a report saying that it has issued licenses for non-financial institutions to operate payment businesses to 27 companies, including Alipay.com.
Sino Payments Inc. has received a five-year service agreement to provide electronic funds processing for Sogo Department Stores in Hong Kong.
The British retail giant Tesco PLC has announced plans to establish a joint venture with a financial group to develop shopping centers in China.
China UnionPay and American Express announced that they have signed a memorandum of understanding that calls for both companies to explore the expansion of their current cooperative activities.
China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.
Global Payments Asia-Pacific Limited has become the first foreign payment card processor to launch China UnionPay card acquiring service in China.