The e-commerce department of Kuaishou, a popular short video platform in China, announced that it had reached a deal with Zhima Credit, a subsidiary of Ant Group, to launch a new payment scheme on the platform.
Mobike rejected a November report that it and its competitor ofo had run into liquidity problems and started using users’ deposited funds to support their expansion. Mobike holds approximately 6 billion yuan in deposited funds. Mobike and ofo also reportedly stoped paying their debts to bicycle factories and PR companies.
Chinese citizens can enjoy a deposit exemption when renting cars abroad, a spokesperson for Zhima Credit announced on November 27.
Alipay, Zhima Credit, Ant Credit Pay and Linking Cloud jointly launched Medical Service on Credit, a medical product designed to reduce the need to queue for services, on November 7.
For the vast number of migrants in China, house rental has been a hard issue. House purchase is faced with many policy constraints and the price is too high to afford the house. So for them, renting seems to be the only option available. For the vast number of migrants in China, house rental has […]
On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]
Hundreds of workers in bright yellow uniforms assemble small yellow bicycles at the Tianjin Flying Pigeon bicycle factory on May 19. The workers hurriedly attach the wheels and gears to each frame, and every 15 seconds a new ofo unit is born. Workers at the end of the line load each new bike into cardboard […]