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Alibaba Fined Billions of Dollars By China for Monopoly Abuses
Alibaba Group

Alibaba Fined Billions of Dollars By China for Monopoly Abuses

ByDave Furness April 12, 2021April 11, 2021

Chinese regulators struck out at leading eCommerce company Alibaba with a record breaking fine of 18.2bn yuan (US$2.78bn) due to practices deemed to be an abuse of…

American Express Becomes First Foreign Payments Network To Receives Approval In China
Payments & Banking

American Express Becomes First Foreign Payments Network To Receives Approval In China

ByRichard Meldner June 15, 2020June 18, 2020

American Express announced its joint-venture in mainland China, Express (Hangzhou) Technology Services Company Limited (Express Company), has received final approval from the People’s Bank of…

Brands in China Embrace Live Streaming to Overcome Business Impact of The Coronavirus Outbreak
Marketplaces

Brands in China Embrace Live Streaming to Overcome Business Impact of The Coronavirus Outbreak

ByNewswire February 25, 2020February 25, 2020

In an effort to minimize the impact of the Coronavirus outbreak that crippled China’s retailers and online merchants, the Alibaba Group offered a great insight…

FedEx Updates Customers on Operations Impacted by Coronavirus
Shipping & Logistics

FedEx Updates Customers on Operations Impacted by Coronavirus

ByNewswire February 18, 2020

The Coronavirus outbreak continues to impact global trade and shipping. Postal services and courier companies are updating customers on current operations, especially to regions affected…

U.S. Postal Service Suspends Delivery Guarantee on Shipments to China
Shipping & Logistics

U.S. Postal Service Suspends Delivery Guarantee on Shipments to China

ByRichard Meldner February 14, 2020

There have been Internet rumors that the United States Postal Service has stopped accepting mail going to China. These rumors stem from a story reported…

UK Agrees Deal With Huawei Over 5G Technology
Technology

UK Agrees Deal With Huawei Over 5G Technology

ByDave Furness January 29, 2020January 30, 2020

Just days away from Brexit and Prime Minister Boris Johnson has made a bold move in agreeing in part to a deal where Huawei would…

How Coronavirus Could Impact Global eCommerce?
eCommerce

How Coronavirus Could Impact Global eCommerce?

ByDave Furness January 27, 2020February 4, 2020

At first glance global events can seem to have a positive impact on global eCommerce. Just like when a hurricane threatens mainland USA the local…

Chinese Shoppers to Snub American Brands on Singles Day
Cross-Border Trade

Chinese Shoppers to Snub American Brands on Singles Day

ByDave Furness November 4, 2019December 8, 2019

It looks like Singles Day is going to be a gloomy, fruitless day for American brands as 78% of Chinese consumers plan to snub them…

PayPal Enters China Market Through GoPay Acquisition
Payments & Banking

PayPal Enters China Market Through GoPay Acquisition

ByRichard Meldner September 30, 2019December 8, 2019

The People’s Bank of China has approved PayPal acquisition of a 70 percent stake in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a…

SnapPay connects North American merchants to AliPay and WeChat Pay
Payments & Banking

SnapPay connects North American merchants to AliPay and WeChat Pay

ByNewswire August 27, 2019February 11, 2020

SnapPay is now available for Chinese mobile payment applications Alipay and WeChat Pay. Offering Chinese mobile payments provides small businesses in North America the opportunity…

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