According to Billboard, SoundCloud is preparing to introduce a new payment system that would allow fans to pay artists directly. From the report: The move would make SoundCloud the first major music streaming service to embrace a direct payment model, a strategy that has been popular with Chinese streaming services like Tencent Music’s QQ Music for years, and one that subscription…
Tag: tencent
China Plans Online Payment Rules That May Hit Ant, Tencent
hackingbear writes: People’s Bank of China, the country’s central bank, said on Wednesday that any non-bank payment company with half of the market in online transactions or two entities with a combined two-thirds share could be subject to antitrust probes, potentially dealing another blow to financial technology giant Ant Group Co. and its biggest rival Tencent Holdings Ltd. Ant’s Alipay accounts…
SoftBank-Backed WhatsApp Rival Hike Goes Off the Air in India
Hike, the messaging app backed by SoftBank Group that aimed to compete against WhatsApp in the world’s second-most populous country, shut down and vanished from app stores Monday. From a report: The startup valued at $1.4 billion in a 2016 funding round announced its app was going off the air earlier this month without explanation. The app started by billionaire-family scion…
US Bans WeChat Pay, Alipay and Six More Chinese Payment Apps
The Trump administration says that Chinese payment apps, including WeChat Pay, are a threat to national security. By Executive Order, all US transactions with these apps must cease within 45 days. AppleInsider reports: President Trump has issued an Executive Order banning US transactions with a range of Chinese payment platform apps from February 18, 2021. The order says this “aggressive action”…
Study Finds More Than $100 Billion Spent on App Stores in 2020
A new report by Sensor Tower reveals that 2020 has been a record-setting year for worldwide spending on the Apple App Store and Google Play Store, which collectively passed $100 billion in a single year for the first time ever in November. From a report: The trend of increased spending continued over Christmas, when consumers around the world spent an estimated…
China Rises as World’s Data Superpower as Internet Fractures
Back in 2001, the U.S. was the dominant country when it came to cross-border data flows. It was the early days of the internet boom, and America was where tech companies and tech-savvy consumers were. But the global data order is changing rapidly. From a report: China now accounts for 23% of cross-border data flows, nearly twice the share of the…
US Explores Curbs On Ant Group, Tencent Payment Systems
An anonymous reader quotes a report from Bloomberg: The Trump administration is exploring restrictions on billionaire Jack Ma’s Ant Group as well as Tencent Holdings Ltd. over concerns that their digital payment platforms threaten U.S. national security, according to people familiar with the matter, a move that risks infuriating China and disrupting what could be the world’s largest initial public offering….
Justice Department Asks Judge To Allow US To Bar WeChat From US App Stores
The U.S. Justice Department asked a federal judge in San Francisco early on Friday to allow the government to bar Apple and Google from offering WeChat for download in U.S. app stores pending an appeal. From a report: The filing asked U.S. Magistrate Judge Laurel Beeler to put on hold her preliminary injunction issued Saturday. That injunction blocked the U.S. Commerce…
Chinese Leaders Split Over Releasing Blacklist of US Companies
Beijing has sped up development of a blacklist that could be used to punish American technology firms, but officials say leaders are hesitating to pull the trigger, with some arguing a decision on the list should wait till after the U.S. election. From a report: The debate highlights Beijing’s continued grappling with how to respond to the Trump administration without driving…
US Judge Blocks Attempt to Ban WeChat
“The popular Chinese messaging and payments app WeChat looks like it might still be available in the U.S. beyond Sunday night, after all,” reports the Street: U.S. Magistrate Judge Laurel Beeler of San Francisco stopped the Trump administration from forcing Apple and Alphabet to take the Tencent Holdings’ messaging app offline for downloading by late Sunday, according to a report from…