December 2024 - ChineseWire

MondayDec 30, 2024 10:00 am

Naver Pay, WeChat Partner to Enhance Virtual Payments in China

South Korean mobile payment provider Naver Pay has partnered with Tencent’s WeChat to facilitate virtual payments in China. Operating under tech giant Naver Corp, Naver Pay already has deals with Alipay Plus as well as UnionPay, which grants virtually all merchants access to its QR payment services. The partnership between WeChat and Naver Pay will now allow millions of Chinese customers and merchants to make mobile payments with the South Korean company's digital wallet and mobile pay service using QR codes. According to Naver, this partnership makes it the first South Korean firm to avail online transaction and QR payment…

MondayDec 23, 2024 10:00 am

Alibaba Divests its Intime Store Chain

Alibaba Group Holding Ltd. (NYSE: BABA) has sold off its Chinese department store chain Intime and the transaction is set to cost the conglomerate $1.3 billion in losses. Chinese media reports say that Alibaba's decision to divest Intime is part of a company-wide effort to overhaul its entire business portfolio and focus on just e-commerce. Last month, Alibaba unveiled a strategy that would see the e-commerce giant integrate its international and domestic e-commerce platforms into one business unit headed by one leader. This would be the first time all of Alibaba’s numerous e-commerce platforms are run as a single business…

WednesdayDec 18, 2024 10:00 am

Why Many People are Getting Disillusioned with Online Dating Apps

Online dating platforms in the UK have lost around 1.4 million users in the past year alone as a growing number of people become increasingly disillusioned with dating apps. There was a significant decline in dating app use from 2023 to 2024, data from the Ofcom 2024 Online Nation Report shows, and many experts posit that this decline is because people are starting to see dating apps as a chore instead of a social activity. The most popular online dating applications in the world saw an almost 16% drop in use this year, the data indicates, with Tinder losing over…

MondayDec 16, 2024 10:00 am

Big Data Personalization is Reshaping User Engagement

A growing number of companies across multiple industries are taking advantage of big data personalization to reshape user engagement. While personalization has been around for quite a while, the recent proliferation of big data analytics has made it possible for businesses to analyze extremely large data sets and come up with much more accurate insights. One of the benefits of big data personalization has been allowing companies to create significantly more personalized content for their consumers. This, in turn, has been instrumental in improving user experience by ensuring each customer goes through a shopping experience that's tailored to their specific…

WednesdayDec 11, 2024 10:00 am

Alibaba to Sponsor Upcoming Lunar Year Festival

Chinese e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) is set to sponsor the upcoming Lunar Year Spring Festival Gala as it steps up efforts to woo budget-conscious consumers. With Alibaba looking to boost its growth rate in a struggling economy filled with competing firms, sponsoring one of the world's most-watched broadcasts is sure to do some good. Hundreds of millions of viewers watch the Spring Festival Gala every Lunar New Year's Eve, making it the most-watched event in China. According to the deal the Hangzhou-based firm signed with state-owned China Media Group (CMG), Alibaba will be the 2025 Spring…

MondayDec 09, 2024 10:00 am

Rumble Goes to Court Protesting California’s Censorship Law

Video-sharing platform Rumble has filed a federal lawsuit against California's censorship laws. According to Alliance Defending Freedom (ADF) attorneys, the lawyers representing indirect subsidiary Rumble and Rumble Canada, the lawsuit is meant to protect Rumble's constitutional right to post political content on the internet with no restrictions. California recently passed two policies that target and penalize internet users who post specific political commentary in online spaces. As one of the largest video-sharing platforms on the internet, Rumble also hosts plenty of political commentary and will undoubtedly be affected by the censorship laws. The policies include AB 2655, a measure that…

WednesdayDec 04, 2024 10:00 am

Analyst Discusses the Current Status, Outlook of the Mobile Payments Segment

Mobile payments are becoming increasingly common across most markets thanks to their convenience and ease of use compared to traditional fiat currencies, Euromonitor International senior research analyst Marite Garcia-Araujo says. With millions of consumers worldwide onboarding onto online payment platforms in recent years, mobile payments may even be a legitimate threat to conventional physical currencies in the near future. As a result of the recent influx of users, the nascent mobile money industry's value keeps rising and is expected to reach further heights as more people adopt virtual payments. The sector's growth was driven by the convenience offered by payment…

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Month: December 2024