Apple officially launched its much anticipated Apple Pay service in China on Thursday, through a partnership with China UnionPay, entering the country’s competitive mobile payment race. Users of the iPhone 6 or more advanced versions, certain iPads and Apple Watches will be able to use their devices to buy items across Apple’s second-largest market by revenue.
JD.com Inc, China’s (FXI, quote) second-biggest e-commerce company by market share, will accept pre-orders for Microsoft Corp’s (MSFT, quote) Xbox One games console in China from July 28 to July 30, the firm said on Monday.
Online direct sales companies face a bumpy road in transforming themselves into e-commerce platforms after a third-party merchant was caught selling fake lubricants on the site of China’s second-largest e-commerce company.
China’ s leading online direct sales company JD.com, Inc. Thursday successfully listed its shares on Nasdaq and recorded the largest initial public offering (IPO) by a Chinese company in the United States.
