China E-commerce News

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• September 2024: PayPal launched "PayPal Complete Payments," an all-in-one platform tailored for Chinese merchants aiming to sell globally. This platform simplifies payment and receivables processes for businesses of all sizes in China, enabling them to excel in cross-border trade and the digital economy. Engaging with over 700 merchants nationwide, PayPal's global and China management teams, alongside partners, shared insights on international and local business strategies, cross-border payment solutions, industry trends, and targeted initiatives to bolster growth for Chinese merchants.
• June 2024: Adyen, the preferred financial technology platform, partnered with SumUp, a financial technology provider for small merchants. This strategic alliance aims to deliver an unparalleled payment experience and expedited settlements to millions of small businesses globally. SumUp is enhancing its near-instant settlement feature, previously exclusive to its merchants, through this collaboration. This advantage extends to millions of small and micro merchants across Europe and the UK, granting them quicker access to funds and greater control over their financial affairs.

• September 2024: Paypal Holdings Inc. expanded its global strategic partnership with Shopify Inc. in the United States. As part of this collaboration, PayPal will serve as an additional online credit and debit card processor for Shopify Payments. This integration utilizes PayPal Complete Payments, a robust solution tailored for marketplaces and platforms, equipped with versatile developer tools. Furthermore, in a bid to enhance user experience, PayPal wallet transactions will now seamlessly integrate into Shopify Payments in the United States. This integration aims to simplify the management of orders, payouts, reporting, and chargeback processes.
• February 2024: Finix, a San Francisco-based FinTech company, introduced its business payments solution to the Canadian market. With this launch, Finix seeks to empower businesses of all sizes to efficiently process payments and manage money transfers. The solution boasts features such as embedded compliance, underwriting, fraud monitoring, reporting, and dispute management, all designed to enhance businesses' insights into their transaction-level data.

• July 2024: Bandhan Bank launched its latest payment solution through the Bharat QR Code for its Current account and Savings account customers. The bank claimed that the solution will simplify how these self-employed segment customers make payments at any merchant outlet. An instant notification will also be received on every payment through a small speaker.
• June 2024: Flowcode, a marketing technology platform, unveiled a reimagined product designed for marketing and analytics teams at F1000 companies focused on measuring and maximizing offline conversions. Flowcode integrates seamlessly with data feeds, such as product catalogs, MLS listings, and more, to automate the creation of personalized, QR-enabled user journeys. This empowers brands to deliver unique, tailored consumer experiences, significantly increasing conversion rates.

• May 2023: Revel Systems, the premier cloud point of sale (POS) and comprehensive business management platform is excited to announce a partnership with IPORT to offer its best-in-class products to restaurants and retailers. IPORT's stands and enclosures for Apple iPads streamline networking, charging, tablet protection, and presentation
• February 2023: NPN and Oddle's Partnership is Revolutionizing Restaurant Payment. Together, they are simplifying the point-of-purchase experience for restaurants and empowering them to grow their businesses. With their shared focus on providing cutting-edge hardware and software solutions, NPN and Oddle are transforming how restaurants process payments. By leveraging SUNMI Android payment hardware and stripe payment processing, they deliver a seamless and secure payment experience for restaurants and their customers.

• May 2023 - Etoro announced the launch of InsuranceWorld, a portfolio offering retail investors long-term exposure to the insurance sector. InsuranceWorld is a new addition to eToro's existing offering of portfolios, which already provides exposure to traditional financial sectors, such as private equity, big banks, and real estate trusts.
• April 2023 - Twitter, a US-based company, partnered with the cryptocurrency exchange eToro to allow users to trade stocks, cryptocurrencies, and other assets on the social network's platform by using the online platform services offered by eToro, which would generate new revenue streams for the market vendors.

• May 2023: Motorola Solutions announced the launch of its advanced V700 body camera with mobile broadband capabilities to give public safety agencies another critical source of real-time field intelligence and collaboration. Critical evidence might be recovered after an incident even if a recording was not initiated through the Record-After-The-Fact feature. AI may be applied during evidence analysis to transcribe footage for a clear record of events.
• April 2023: Axon Enterprise Inc. announced the launch of an advanced body-worn camera (BWC), the Axon Body 4 (AB4). The product is a communications beacon that enables law enforcement to live stream their situations intuitively.

• April 2023: TMON announced that the company would open a 'Sports & Leisure Special Hall" and introduce popular sports and outdoor items at exceptional prices. An additional 8% discount was also available when paying with Kakao Pay. This is expected to help athletic people stretch in warm spring weather.
• February 2023: JD.com, Inc. announced this week that it launched "ChatJD," an industrial version of ChatGPT focused on the vertical industrial fields of retail and finance. The industrial ChatJD will likely roll out through one platform, two areas, and five applications. It is expected to build a human-computer dialogue platform that understands and generates tasks in natural language processing, with parameters estimated to total hundreds of billions.

• February 2023: According to Eurostat, In 2022, 91% of EU citizens aged 16 to 74 had accessed the internet, with 75% purchasing or ordering products or services for personal use. The proportion of e-shoppers increased by 20 percentage points (pp) from 55% in 2012 to 75% in 2022. The highest shares of internet users who ordered goods or services or bought over the internet in 2022 were recorded in the Netherlands (92%)
• September 2022: DHL signed an agreement to acquire a majority investment in Dutch e-commerce specialist Monta to establish a solid collaboration and expand Monta's e-fulfillment services internationally, particularly for small and medium-sized webshops.

• November 2023: Amazon announced a partnership with Meta (Facebook’s parent company) to revolutionize social commerce. This collaboration aims to integrate Amazon’s e-commerce platform with Meta’s social media platform, providing shoppers with a seamless purchase experience and opening new opportunities for targeted advertising.
• April 2023: Amazon and Pinterest partnered to deliver third-party ads on Pinterest’s platform. The partnership aimed to make every pin shoppable by integrating Amazon’s e-commerce platform with Pinterest’s social media platform.
• December 2022: Amazon announced the release of Inspire, a new short-form photo and video feed that lets users browse ideas and goods while shopping from content made by brands, influencers, and other users.

• December 2023 - In cooperation with RPC, IBA Group launched mobile payment acceptance at Raiffeisenbank Hrvatska in Croatia. This marks the seventh country in the RBI Banking Group to introduce the tapXphone solution for accepting payments via a smartphone. The RaiPOS application allows sellers to accept all contactless payments, including those requiring PIN code authorization. The security of the payments made through the application is confirmed and certified by the MasterCard and Visa payment systems.
• September 2023 - Cashfree Payments, India's payments and API banking company, announced the UPI Plug-in launch, enabling mobile-first firms to collect UPI payments from customers without needing them to exit the application. This solution has been created in partnership with NPCI and Axis Bank, ensuring complete security and compliance. By prioritizing speed, security, and convenience in UPI payments, the companies are pushing the boundaries of innovation and advancing toward improving digital payments to benefit India's businesses and economy.