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Largest payment app Alipay to be China's target in tech crackdown

Chinese regulators have ordered sweeping changes to the country's biggest payment app Alipay, as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. Alipay -- with more than one billion users in China and other Asian nations including India -- was told to spinoff its profitable micro loan business, the...

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Business |ANALYSIS Featured

Guess? enhances its mobile payments in the U.S. to win over wealthy Chinese tourists

Guess? Inc. has bet strongly on China, both as a strategic market and as the home for one of the wealthiest shoppers groups it targets worldwide. The fashion group has partnered with Alipay to offer mobile payments its Chinese customers are used to at its most popular stores across the U.S. Guess? Inc. has recently announced a partnership with...

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