Chinese mobile payment company Alipay, an affiliate of the more famous Alibaba Group, is making efforts to bring their mobile payment platform into the US, via a partnership with US company First Data Corp. With acceptance at over six million merchants, First Data is allegedly the world's largest provider of payment processing services. That footprint will give Alipay a huge advantage with their expansion into the competitive US market. Read More
Samsung Pay is on a heck of a ride lately. The company's mobile payment solution is a little more than half a year old by now, but it has already expanded to a couple of different countries, added loyalty and membership cards, brought support for more banks, and is on track to maybe add online payments later this year. It helps that Samsung Pay has the backing of Samsung's behemoth marketing and the wide potential base of its fleet of smartphones.
This latest announcement though is probably going to be one of the most profitable and impactful: Samsung Pay is teaming up with Alipay in China. Read More
AliExpress may have a bad rep in some circles for the quality of the products that gets sold on it, but the reality is that it doesn't get enough credit for continuing to slowly improve its service and, most importantly, for not having most of its vendors tied to Paypal. In countries where Paypal isn't available, AliExpress is one of the best, if not the only, ways to buy stuff online.
Although AliExpress' Android developers haven't slacked in the past and the app didn't look dated, it's now getting a refresh with plenty of visual and functional improvements. Instead of the dark grey hue, AliExpress now dons a deep red color akin to its logo throughout the entire interface. Read More
Alibaba runs a global e-commerce site that is one of the most visited in the world. Now it wants to get into the smartphone business. If this idea sounds funny, remember, Amazon has been trying to do the same thing.
But Alibaba is taking a different approach. Rather than come out with its own brand, it's reportedly purchasing a $590 million stake of the existing China-based smartphone maker Meizu. According to Reuters, this is a minority stake in the company, not enough to give Alibaba control.
Alibaba already has an operating system in mind for Meizu's phones. It develops YunOS based on the Android Open Source Project but releases it as an alternative, similar to Amazon's approach. Read More
The Ouya raised $8.6 million on Kickstarter, and to its credit, the promised $99 Android-powered game console was delivered and works as described. The problem is that it just wasn't very good in the grand scheme of things. The outlook on Ouya hasn't been particularly positive, but maybe that's about to change. The Wall Street Journal reports that Chinese retail giant Alibaba has swooped in with a $10 million investment
In the last week, many tech-savvy westerners have gotten more familiar than they probably would have ever liked to with a Chinese company by the name of Alibaba. Most of those people still probably aren't aware just quite how huge the Hangzhou-based firm is.
Its net worth is somewhere in the neighborhood of $30-$40 billion. It employs over 25,000 people. Its campus is a piece of architecture worth appreciating on its own merits.
In short, Alibaba is to China what Amazon (including cloud computing and mobile OS aspirations) and eBay (plus PayPal) are to the United States. Alibaba also controls China Yahoo!, which remains one of the country's most popular web portals. Read More