Internet

Payment startups big winners of e-commerce boom

They were little known before the pandemic, but startups in the flourishing digital payment industry are now worth a fortune as COVID-19 has forced people to increasingly embrace e-commerce.

Business

Jack's back: Chinese e-tycoon ends silence with online video

China's highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba ...

Business

TikTok owner ByteDance launches e-payment service

TikTok owner ByteDance has begun rolling out an electronic payment service connected to Douyin, the Chinese version of the popular short video app, the tech giant said Tuesday.

Business

EU authorities open two Apple antitrust investigations

European Union regulators began two antitrust investigations on Tuesday into Apple's mobile app store and payment platform over concerns its practices distort competition, opening a new front in the EU's battle against the ...

Business

Mastercard to buy Nets payments services for $3.2 billion

US financial services company MasterCard has agreed to acquire Danish payment service company Nets' account-to-account payment business for 2.85 billion euro ($3.19 billion), the Danish company said Tuesday.

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