Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers.
Starting Sunday, the partnerships will allow online merchants using Stripe to integrate the ability for Chinese users to pay with Alipay and WeChat Pay on their websites, the company said. Continue reading “[News]Stripe Strikes Global Partnerships With China’s Alipay, WeChat Pay”
WeChat has become an inescapable part of life in China, but its popularity carries risks.
Any recent visitor to China has probably realized that there is one tool increasingly hard to live without: WeChat, or Weixin (微信). With the use of a Virtual Proxy Network (VPN), reading The New York Times, scrolling through Twitter, or staying in touch with friends via Facebook has always been a relatively simple process for the foreign visitor or expatriate in China. But unlike WeChat, these websites have arguably never changed the way we live. Our access to information and social circles has become more convenient, Continue reading “[News]The WeChat Phenomenon Social Media with Chines Characteristics”
Is WeChat Pay taking over Alipay? The situation can be better characterized as WeChat Pay and Alipay settling into a stable duopoly, not unlike how MasterCard and Visa have a virtual duopoly in the credit card world.
According to market research firm Analysys, in Q1 2017 Alipay enjoyed approximately 54% share of mobile transaction value while WeChat Pay took 40% share. Average Alipay transaction values are higher than WeChat Pay transactions, so if you are just counting number of digital transactions, it is pretty much even at this point. Continue reading “[News]Is WeChat Pay Taking Over Alipay?”
China’s popular instant messaging app WeChat has launched a new feature that warns users if a news item circulating on its accounts is false.
The feature will notify users if a piece of news that they have received is deemed fake by Chinese censors, police or official media outlets, reports Efe news. Continue reading “[News]WeChat Launches New Feature to Fight Fake News”
China’s Tencent Holdings is using its vast social-media network to attract luxury-fashion brands to its WeChat app, potentially opening a new frontier in online retail.
France’s Longchamp and Britain’s Burberry Group have begun selling handbags and clothes on WeChat, China’s most popular messaging app. LVMH Moet Hennessy Louis Vuitton’s Givenchy and Dior brands are testing demand for their goods through flash sales on the platform. Continue reading “[News]Luxury Fashion Brands Take to WeChat App”
Tencent has pushed into new feed and search functions in a direct challenge to Chinese search engine Baidu, as the country’s biggest internet group ramps up the competition to keep users within its walls to access the internet. Continue reading “[News]WeChat Has Added New Feed and Search in Challenge to Baidu”
Moscow’s communications regulator has added WeChat to its list of prohibited websites, according to Russian state news agency TASS.
The messaging app ran afoul of laws requiring companies that distribute information online to register with government authorities in Russia. Continue reading “[News]Russia Blocks Chinese Social Media App WeChat”
According to China Daily, China’s WeChat is becoming way of life. It has become a common scene during subway rides in China’s capital Beijing that majority passengers set their eyes on cell phone screens while text messaging, sharing moments, watching videos or playing online games, in silence.
They are just using WeChat, the most popular social media app in the Asian country. The prevailing WeChat has also developed over recent years to become a payment means for online or offline shopping, renting public bicycles, or taking taxis. Continue reading “[News]China’s WeChat Becoming Way of Life”
Almost unnoticed Tencent, the Shenzhen based technology outfit, became the 10th most valuable listed company in the world, replacing US bank Wells Fargo, as its market capitalisation climbed through $US279 billion ($372 billion).
It now sits among the world’s tech elite, in a top 10 which includes Apple, Alphabet, the parent company of Google, Microsoft, Amazon and Facebook. Continue reading “[News]WhatsApp Looks to Copy China’s Tencent-owned WeChat”