December 8, 2009
Alipay (under Alibaba Group; similar to PayPal) CEO Xiaofeng Shao made a promise this July that he would go streaking if Alipay daily transactions exceed 1.2 billion yuan by the end of 2009.
It reached 1.213 billion yuan on Dec 7 for the first time; and, yes, Mr Shao kept his promise and ran around naked [...]
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December 4, 2009
I’m not sure you realize many Chinese internet companies share one common strategy – go where the money is. Baidu, the largest Chinese search engine in the world, launched “YouA” to compete with Taobao and “Baifubao” to be in competition with PayPal China and Alipay (under Alibaba).
Baifubao recently becomes innovative by supporting topping up Baifubao [...]
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