Tuesday, 23rd, 2019 | 9:57AM Updated

PayTM Digital Payment
Reliance Capital Sells PayTM Stake to Alibaba for Over $41 Million

Alibaba-backed digital payments firm PayTM has raised its valuation to more than $4 billion after Reliance Capital sold its 1 percent stake to Alibaba for Rs 275 crore ($41.25 million), the Hindustan Times reported.

Visitors walk past a model of a Chinese lunar lander at the China International Aviation & Aerospace Exhibition in Zhuhai, China.
China Prepares to Build Lunar Samples Facility for Its Planned Chang'e 5 Return Mission

China is preparing a facility to store lunar rock and dust samples brought back by its space missions, similar to the Johnson Space Center's lunar sample building of NASA.

Public representatives and reporters visit a construction site of Hualong One pilot nuclear project in Fuqing, southeast China's Fujian Province.
China's Hualong One Nuclear Reactor and Its Contribution to Nuclear Technology

According to a leading nuclear industry executive, China is capable of mass producing its third-generation Hualong One reactor, the latest "business card" of the country.

Image shows Lakala's core business processes.
China's Third Largest Online Payment Provider Files for IPO in Shenzhen

Lakala Payment Co. Ltd., one of the country’s earliest online payment providers, filed a prospectus for an initial public offering (IPO) on the Shenzhen stock market. Its move could make the company the first among its peers to list in China.

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An attendee uses a mobile device as she passes the China Mobile stand on the second day of the 2017 Mobile World Congress (MWC) in Barcelona, Spain.
Service Operators of China Mobile Eliminate Long-Distance, Domestic Roaming Call Charges

The service operators of China Mobile will eliminate long-distance and domestic roaming call charges as data services become their major source of revenue.

Alibaba founder Jack Ma is being sued for allegedly allowing the sale of a counterfeit fire-extinguishing ball.
Alibaba Founder Jack Ma Urges China to Get Tough on Online Counterfeit Sellers

Alibaba founder and chairman Jack Ma has for the first time called directly for the Chinese government to intensify its fight against counterfeiting, blaming paltry penalties and lax laws for the scourge of fake goods.

Intel office premises seen with logo
ARM vs Intel vs AMD: Softbank Group’s ARM to crush Intel’s dominance; New AMD Ryzen affected by Windows 10 bug

The American multinational corporation Intel may currently be rejoicing, but the company’s dominance may soon crumble as its leading customer Microsoft is now looking to use a chip from a different microprocessor manufacturer.

China's new manned spaceship is planned to have a higher capacity compared to other countries’ manned spaceships, as part of the Chinese space program’s goal to match other space powers.
Chinese Space Program Ramps Up Space Exploration Efforts Through New Manned Spaceship

China continues to raise its stakes on space exploration through the development of a manned spaceship meant to facilitate moon landing and conduct low orbit around Earth. The move stands as an important step for the Chinese space program’s development for the next decade.

An artist render of the iPhone 8 as it sports a bezel-less design.
Apple iPhone 8 specs: Device will no longer have curved display design, long range wireless charging, larger RAM, longer battery life, more!

Contrary to popular belief and expectation, Apple may not have a total revolutionary smartphone design with its upcoming iPhone 8.

In the “Made in China 2025” program, the Chinese government will give out large, low-interest loans and research subsidies.
Western Businesses Worry China’s High-Tech Industries Will Take Over

China is ready to start the next stage of its economic development. A $300 billion plan is expected to overhaul several of China’s important industries to make the country mostly self-sufficient by 2025.

Sabrina Ellis, Director of Product Management at Google Inc., speaks during an event to introduce the Google Pixel phone and other Google products on October 4, 2016 in San Francisco, California.
Google launches March Android security patches for Pixel, Nexus devices with OTAs, factory images

Google updated its security bulletin for March, which is composed of security patches for recently discovered vulnerabilities and factory OTA images for selected Nexus and Pixel models.

The USTR noted that Taobao continues to be the subject of an “unacceptably high” number of reports on counterfeiting.
Counterfeits on Alibaba: E-Commerce Giant Holds Key to Upholding Chinese Anti-Counterfeiting Laws

China continues to wage war against counterfeiters, whose handiwork have reached the realm of e-commerce. Taobao, one of Chinese e-commerce giant Alibaba’s online retailing platforms, has been cited as among the most-visited websites where fake products have been found to spread.

JD.com’s growing fortunes is a testament to its increasing competitiveness against Alibaba, which is still making waves as it plots its rise in markets outside China.
JD.com’s Revenue Increase Signals Stiff Competition with Alibaba

Alibaba is currently the undisputed king of retail in China, but its closest competitor JD.com is treading towards an upward trajectory, what with its revenue increase prompted by its expansive logistics network comprising around 250 warehouses throughout the country.

Alibaba's APASS Club serves as the e-commerce firm's
Lazada vs Amazon: Tussle Between E-Commerce Giants Inevitable in Alibaba’s Expansion in Southeast Asia

With Amazon’s forthcoming plans to open its Southeast Asian operations, Alibaba-controlled e-commerce company Lazada is setting its sights on further regional expansion, as it banks on its status as the leading online shopping website in Southeast Asia.

Virtual Gifting on WeChat
Virtual Gifting Market Trend: China's Tech, Financial Firms Keen to Boost Virtual Gold Trade

An emerging trend in virtual gifting market is attracting China’s tech firms and financial institutions into using gold as a potential commodity for virtual trade and business.

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