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WeChat Pay and AliPay expand worldwide

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 Insights

28-Feb-18 China's mobile payment apps are expanding their global presence. Wechat processes transactions in 13 currencies and Alipay supports 27 currencies; consumers in 24 countries recieve tax refunds through Alipay; and Alibaba has partnered with India's PayTM since 2015. [image: China Plus]

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Staggering growth in China’s express package industry

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28-Feb-18 According to China Post, a total of 40 bn express packages were delivered in 2017 in China (more than 40% of the total packages around the world), and 68% of the packages came from e-commerce businesses. [image: Reuters / Thomas Peter]

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Alibaba to buy food delivery app Ele.me

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 Insights

27-Feb-18 SRumours are circulating that Alibaba is planning to acquire one of China's major online food delivery platforms Ele.me, as part of its new retail strategy, in a deal reportedly worth about USD9.5 bn. [image: Wikimedia Commons]

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