Suning's Own China E-Commerce Payment Service
Electrical goods supplying company Suning has just bought the domain yifubao.com, to release their own payment system. The payment system will probably be similar to Chinese e-commerce giant Alibaba's Alipay, or Tencent's Tenpay.
Lenovo will buy additional medion stake
Lenovo Germany, a wholly-owned subsidiary of Lenovo Group plans to buy all option shares of Medion AG. There are 8.874 shares available for EUR13 ($16.73) each. Lenovo Group's stake in Medion AG will increase from 61.49% to 79.81% after this deal.
Source: China Tech News
Government Uses Chinese E-Commerce Platform to Help Local Brands
The government of Chinese province Guangdong have planned a special event in cooperation with Chinese e-commerce company Tencent. On Tencent's QQ Buy, people can now get coupons for local clothes, food, luxury & furniture brands of Guangdong, which then can be redeemed during a special event lasting from 24th - 26th of October. The coupons are only availble until the 23rd of October, so that people need to buy them prior to the event. Tencent gives coupons worth 3 billion RMB to the people, which could lead to a total of 10 billion RMB in sales, if all of them are redeemed.
Alibaba Seems To Change It's Affiliate Marketing Strategy
Currently the Chinese Pinterest-like services Meilishuo & Mogujie have implemented affiliate links, that lead to their users to Alibaba's e-commerce platform Taobao. Now Jack Ma, CEO of Alibaba, is said to have spoken to the employees of Taobao, about their plans to move away from that kind of affiliate marketing. What they are doing instead, is offering their own platform ok.etao.com to present all the coupons available on Taobao to the user.