财新传媒 财新传媒
财新网首页 > 博客 > UnionPay
Doug Young

Global is great. Anyone who follows the China business scene probably wouldn’t need too long to guess those words were uttered by Alibaba founder Jack Ma, who was singing the praises of free trade and globalism on the second day of the World Economic Forum this week in Davos, Switzerland. Ma never saw a platform he didn’t like, including the e-commerce platforms that have made him one of the world’s richest men, as well as more figurative platforms like the World Economic Forum.

Ma’s gro...

.
Doug Young

Bottom line: Alipay's joint venture with Li Ka-shing targeting local Hong Kong customers looks like a shrewd approach in its first major foray of that kind, though it will face skepticism about its ability to protect user privacy.

Alipay turns up HK drive with new JV

After dancing around the globe for the last few years without too much to show for its efforts, Ant Financial's Alipay electronic payments unit is finally taking the plunge into local currency services with ...

.
Doug Young

Bottom line: Starbucks' selection of WeChat before Alipay for in-store electronic payments is a symbolic victory for the former, while Alipay's aggressive global expansion could eventually help it to overtake UnionPay outside China.

WeChat ties with Starbucks

China's two leading mobile payments services are both in the headlines, led by word of a major new tie-up between Tencent's (HKEx: 700) WeChat and coffee lifestyle titan Starbucks (NYSE: SBUX). I have to admit that ...

.
ok--> 房地产市场 全球气候变化 俄乌冲突 妇女权益保护 超级名家八卦系列 中美贸易战