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Alibaba, Apple interested in teaming up on mobile payments

2014-10-28 09:30:00| Telecompaper Headlines

(Telecompaper) Chinese e-commerce giant Alibaba Group is interested in teaming up with Apple on mobile payments, according to comments from Alibaba executive chairman Jack Ma and Apple CEO Tim Cook. Speaking at at the WSJDLive tech conference in Laguna Beach, California, Ma agreed that it made sense for his company's Alipay Wallet mobile system to partner with Apple Pay. "I hope we can do something together," said Ma, adding that it should be a "marriage" that both sides want. Cook subsequently confirmed he would like to work with Alibaba and that he would be meeting with Ma later this week to discuss potential partnerships. "We're going to talk about getting married later this week," he said. Since raising USD 25 billion in an IPO in September, Alibaba shares have risen 44 percent and the company has a market capitalisation of more than USD 240 billion, making it larger than Amazon and eBay combined. According to comments made by Ma at the WSJDLive conference, Alibaba's payment service, Alipay, currently has over 300 million active users and even allows users to pay for hospital fees and rent cars.

Tags: mobile interested apple payments

 

Supply Chains Darlings - 6 Supply Chains the Industry Has Obsessed Over - #1, Alibaba

2014-10-28 02:24:46| Logistics - Topix.net

'Darling Supply Chains' - the companies that tend to dominate the headlines of the supply chain world every-so-often for their innovative thinking, and re-imagination of the industry. Here's part 6 in our series.

Tags: over industry supply chains

 
 

Alibaba, You're Next: Unilever's China Sales Plunge 20%

2014-10-27 02:15:00| Food - Topix.net

I lived and worked in Shanghai and Hong Kong for almost two decades and now write primarily on China, Asia, and nuclear proliferation. I am the author of two Random House books, The Coming Collapse of China and Nuclear Showdown: North Korea Takes On the World.

Tags: sales china alibaba plunge

 

Marine Shipping Seen Returning 59%, Rivaling Alibaba: Freight

2014-10-24 17:59:26| Appliances - Topix.net

U.S. marine shipping stocks are poised to see their shares climb 59 percent in the next 12 months, outshining the 35 percent gain on the first day of Alibaba Group Holdings Ltd.'s initial public offering last month. The gain for shippers that ferry crude between U.S. ports and carry liquefied natural gas and dry goods such as coal around the world would be the most of any sub sector in the Russell 3000 Index, according to estimate data compiled by Bloomberg.

Tags: shipping marine returning alibaba

 

Earnings: Alibaba works magic on Yahoo's bottom line

2014-10-22 09:20:22| Paper - Topix.net

The E-Edition includes all of the news, comics, classifieds and advertisements of the newspaper. And it's available to subscribers before 6 a.m. every day.

Tags: line works bottom magic

 

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