Category: alipay

WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions – TechCrunch

Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors. According to Crunchbase, this brings QFPay’s total raised so
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Hellobike, survivor of China’s bike-sharing craze, goes electric – TechCrunch

Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from
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WeChat is quietly ranking user behavior to play catch-up with Alibaba – TechCrunch

Over one billion people leave behind trails of information on WeChat every day as they use the messenger to chat, read, shop, hail rides, rent umbrellas and run many other errands. And the Tencent app has quietly started using this type of signal to determine whether a user is worthy of perks such as deposit-free
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