Posts Tagged ‘Bank of China’

Xiaomi’s Online Payment Service Opens In China

china-mobile-paymentChina’s Xiaomi cooperated with China UnionPay in launching its payment service MI Pay. With this move, Xiaomi becomes yet another …


Two Chinese Banks Hit By Internet Phishing Scams

malware and hackerBank of China Hong Kong and Hang Seng Bank have both issued warnings in recent days about Web-based attacks targeted …


Will Firefox OS Smartphones Have Adoption Success In China?

During the Mobile World Congress 2013 held in Barcelona, Spain, the Chinese telecom equipment maker ZTE launched ZTE Open, its first smartphone product running on Firefox OS. ZTE Open has a Cortex A5 processor and a 3.5-inch screen, but other features have not yet been disclosed. At the same time, another mobile phone brand Alcatel […]


Heightened Chinese Inflation Pushes Renren.com To Offer Employee Loans

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000. Chen Yizhou, chief executive officer of Renren.com, told local media that the rapid development of Renren.com is attributed to the efforts and commitment of employees. Renren.com will not only […]


Alipay.com Teams With Chinese Banks For Convenient Internet Payments

Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service. The online payment company is cooperating with ten banks, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Ping’an Bank, Bank of Beijing, Shanghai […]


Alibaba Plans To Open Physical Banks In China

Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People’s Bank of China and China Banking Regulatory Commission. The new subsidiary is reportedly jointly invested by Alibaba Group, the people’s government of Zhejiang, Softbank, and CDH Investments. Jack […]


Card Fraud: IBM Employee Information Disclosed By Supplier In China

According to South Metropolitan Daily newspaper, the personal data of more than 1000 employees of IBM Shenzhen has been disclosed and used to apply for credit cards.
Employees of IBM Shenzhen found that their personal information had been disclosed and this data was used to apply for credit cards without their knowledge with a Bank of […]


Bank Of China To Fight Illegal Internet Credit Card Activity

The People’s Bank of China and the Ministry of Public Security of China jointly held a press conference on their special action to fight crimes involving bank cards.


Chinese Netizens Now Have Installment Credit Services

Chinese online payment company 99Bill has launched an installment credit service — a first in China for e-payment services — to allow consumers to buy goods by paying in installments.


Acorn Blames Sichuan Earthquake For 25% Net Revenue Drop

Chinese TV shopping company Acorn International (ATV) says quarterly net revenues were USD47.2 million, a decrease of 25.4% compared to USD63.3 million in the second quarter of 2007, as it announced its second quarter financial results for the three months ended June 30, 2008.