Working from Home: How China’s Companies Are Trying To Get Back to Business

Image result for tencent work from home

Tencent(WeChat) and Alibaba workers stay home working

Tencent, which is also based in Shenzhen, said its staff in mainland China were working from home on Monday, and will continue to do so for at least the next two weeks. The company’s office in Hong Kong, where there are at least 38 confirmed cases, is tentatively set to reopen next week.
“The health and safety of our employees is of the utmost importance to us,” a company spokesperson said. “Accordingly, Tencent will continue to monitor the situation closely and will revise these arrangements as necessary.”
And e-commerce giant Alibaba has asked employees to work from home for another week, according to a person familiar with the matter.
Over half of surveyed foreign firms in Shanghai resume production

More than half of foreign companies in Shanghai surveyed fully resumed production as the Chinese government ramped up efforts to fight the novel coronavirus and help enterprises resume normal operations, an industry association said.

The Shanghai Association of Foreign Investment found, based on a survey over 54 foreign enterprises in Shanghai, that over 30 percent of the surveyed enterprises partially resumed production while more than 10 percent had not reopened yet.

On Tuesday, Chinese health authorities confirmed 97 new deaths and 2,015 new cases infected by the novel coronavirus, officially named as COVID-19 by the World Health Organization, bringing the death toll to 1,113 and the total confirmed cases to 44,653 on the Chinese mainland.

To stem the spread of the virus, many Chinese cities including Shanghai, home to nearly 50,000 foreign companies, resumed operations with caution by extending the Lunar New Year holiday and postponing the resumption of work until Feb. 10.

According to the survey, telecommuting has been widely implemented by foreign businesses to resume operations while reducing close person-to-person contact.

A total of 13 surveyed foreign enterprises including Denmark-based toy marker LEGO and German auto manufacturer BMW resumed production but had their employees work remotely, said Huang Feng, head of the SAFI.

Foreign companies partially resuming operations also applied more flexible work arrangements with frontline workers heading for their workplaces and other staff working remotely, according to the survey.

AlphaPay Notification

2020 CNY Suspend Settlement

Dear AlphaPay Merchants and Partners,

Please note that banks in Mainland China will suspend settlement from January 24 to January 30, 2020 due to the Chinese New Year Holiday. Transactions that take place during this period will be cleared on January 31, 2020.

Other AlphaPay services, including but not limited to payment and refund will NOT be affected by the suspension of settlement.

Thank you for your understanding and support. Feel free to contact AlphaPay if there is any questions please!

Yours sincerely,

AlphaPay Team

————————————————–

尊敬的AlphaPay商户及合作伙伴,

由于春节假期的影响,支付宝,微信和银联的中国合作银行将在2020年1月24日至2020年1月30日暂停结算,在此期间的支付宝,银联和微信支付款项将于2020年1月31号进行统一结算。其他AlphaPay服务如支付、退款等功能均不受影响。

感谢您的理解与支持。如有问题可以随时联系AlphaPay.

顺颂商祺

AlphaPay 天捷支付

Toll-Free: 1.855.937.7888
Email:admin@AlphaPay.com

WeChat Pay Increasing

AlphaPay Brings the Ecosystem to Canadian Merchants Working with Chinese’s Biggest Lifestyle Platform and Mobile Payment Brand WeChat

Vancouver, Canada, Jan 06, 2020 — The wide variety of functions available within the AlphaPay Ecosystem will help Canadian merchants to smoothly accelerate the digitization process in payment and marketing, in order to better serve Chinese tourists in Canada.



According to the latest release data from WeChat, in 2018, the monthly average transaction volume saw an increase of 500% year-on-year, while the total transaction value increased 400%. Meanwhile, the number of service providers witnessed a year-on-year increase 300%, and the number of merchants accepting WeChat Pay increased 700%.


WeChat Pay Increasing

Making a purchase is not only about payment. AlphaPay is looking closely into the all rounded solution experience, and covering more retail, F&B(Food and Beverage), and fashion, municipal services and many other aspects of daily life. The entire experience throughout the journey is important to conclude the transaction.


AlphaPay has successfully developed many case studies in offering solutions.


AlphaPay Lifecycle

At T&T supermarket, WeChat Pay user can make purchase and is entitled a further discount by paying with WeChat, or customer can purchase giftcards, join loyalty programs via AlphaPay App to ensure a smooth shopping experience.


About AlphaPay:

AlphaPay is a major influencer in the borderless payment technology space in Canada. As a forward-thinking FinTech company, AlphaPay has developed and distributed payment technology services to bridge the gap between North American businesses and 1.1 billion users of Alipay, WeChat Pay, and UnionPay through borderless payment technology. For more information: www.alphapay.com

Media Contact  

AlphaPay Inc

media@alphapay.com

Destination Canada

AlphayPay serves over 1.2 billion users together with Chinese Mobile Payment partners and is the preferred payment method of Chinese tourists

Through this strategic partnership, this collaboration is looking to integrate their respective systems with one another and offer the market a flexible, on-demand digital payment solution through which Chinese tourists can conveniently use during their visit to Canada.

With the system now in place, AlphaPay’s merchants are available to accept cross border payments for overseas customers . Chinese can simply complete their purchases by scanning the QR code available at AlphaPay-enabled merchant partners.

With AlphaPay’s more than 2,000 merchants across Canada, finding a store or service that accepts this integrated mobile payment should not be hard. Whether it is a transaction at a restaurant, in a retail store, a supermarket, a hotel, a car rental or entertainment. Retailers can truly benefit from AlphaPay’s merchants by its advanced payment and marketing solutions and reach out to 1.2 potential users.  

In 2019, statistically the nation welcomed over 600,000 Chinese tourists, and the number is expected to rise to over 1 million by 2020 and 3 million by 2025.


Destination Canada

(Photo: Destination Canada)


As the number of Chinese tourists to Canada continues to surge, and following its strategic road map, AlphaPay is foothold its collaboration with the Chinese leading fintech giants.

China’s Luxury Market

China’s Luxury Market To See Greater Demand This Year

China, Jan 03, 2020-The Chinese luxury market has gone through ups and downs last year but in 2020, greater things are in store, industry experts said, noting that demand for high-end products will continue to rise this year.


China's Luxury Market

According to China Daily, industry analysts predicted that the world’s second-largest economy will continue to lead the global luxury goods market as Chinese consumers increase their demand for items under the designer fashion sector.

The data was based on figures from the luxury market’s overall spending in 2018, which saw a seven percent hike from the previous year at $145.7 billion. According to data from Chinese luxury online retail firm Secoo Holding Ltd. and global consultancy Deloitte, the said amount accounts for 42 percent of the world’s overall luxury market spending.


China’s Luxury Market

Shoppers cross the road outside Causeway Bay shopping mall in Hong Kong, China, December 26, 2019. (Photo: REUTERS/Lucy Nicholson)


Industry analysts further noted that online shoppers will most likely focus on the following products this year: beauty and skincare items, digital devices, men’s apparel, and men’s footwear.

Pre-loved products are also expected to have a bigger chunk of the overall luxury market due to lower prices in high-end goods. Affordability is one of the key aspects of the market that luxury brands are encouraged to look into as a means of further providing the demands of consumers in China.

Finally, 5G deployment in China is expected to help improve the luxury market as a whole both offline and offline. Better connection speeds will provide consumers with a better experience, industry experts pointed out, especially with the Chinese government’s push for 5G networks in the country.

The Global Footprint Of Ant Financial's Alipay

Alipay Profile, 2019 – International Acceptance Continues to Rise

December 17, 2019 11:09 AM Eastern Standard Time

DUBLIN—In China, Alipay has a market share of more than 50%


The Global Footprint Of Ant Financial's Alipay

Alipay to be accepted at more locations overseas by partnered with AlphaPay Canada


Moreover, Alipay is increasingly used by Chinese consumers when they travel abroad. To tap into this emerging market opportunity, AlphaPay, Canada based FinTech company, is one of the overseas payment acquirers working closely Alipay across Canada to grow its international acceptance.


About AlphaPay


AlphaPay is a major influencer in the borderless payment technology space in Canada. As a forward-thinking FinTech company, AlphaPay has developed and distributed payment technology services to bridge the gap between North American businesses and 1.1 billion users of Alipay, WeChat Pay, and UnionPay through borderless payment technology. For more information: www.alphapay.com

Alipay and WeChat Pay are well established

WeChat Pay has the second largest mobile payment share in China

WeChat Pay pursues an international expansion strategy

As a digital wallet service of China’s popular mobile messaging app WeChat, WeChat Pay is available to hundreds of millions of app users in this country. In addition, as the publication reveals, WeChat Pay has embarked on an international expansion strategy, primarily focusing on Chinese tourists travelling overseas. As of 2018, the service could already be used for QR-based mobile payments in close to 50 countries.

WeChat Pay is China’s number two in the mobile payments market

In China, WeChat Pay is the second most used mobile payment service, with a double-digit percentage share of the market, as of 2018. According to information cited by the researcher, the gap in Alipay and WeChat’s market share in terms of volume was at more than 10 percentage points, but when it comes to user penetration, WeChat Pay also achieved a wide base of more than two-thirds of mobile payment users.


Alipay and WeChat Pay are well established

AlphaPay POS Terminal

AlphaPay Enhances QR Code Payments Technology to Canada

Support for QR code payments is growing within the payments industry. In mid-2017, AlphaPay established their partnership with Unionpay, Alipay and WeChat Pay to bring QR code payment to Canada. AlphaPay published specifications designed to ensure interoperability for merchant-based and consumer-based QR code transactions.


AlphaPay POS Terminal

AlphaPay provides the ability to automatically scan QR codes without the need for a third-party app and could enable QR scanning to reach hundreds of millions more users worldwide with borderless payment. Several major Canadian retailers use QR codes together with a proprietary mobile payment app to speed the checkout and payment process in stores.


QR Codes Used in Payment Services


QR codes have become hugely popular as a mobile payment method in Asia, and AlphaPay integrates this technology and  widely used for payments in Canada now. AlphaPay App focus on supporting and managing the use of QR codes in payment services. The organizations involved include payment solutions,marketing solutions, mini program development, and e-shop.


T&T Using Chinese Payment

History of QR Codes


QR codes (abbreviated from Quick Response code) are essentially two-dimensional bar codes and was invented in the 1990s by Masahiro Hara. Later in some countries, most notably China, QR codes have been an important factor in the extraordinary growth of mobile payment services, largely because they allow businesses to accept digital payments without the need to invest in a point of sale terminal or other hardware.


Msahiro Hara

(Inventor: Masahiro Hara)


About AlphaPay:

AlphaPay is a major influencer in the borderless payment technology space in Canada. As a forward-thinking FinTech company, AlphaPay has developed and distributed payment technology services to bridge the gap between North American businesses and 1.1 billion users of Alipay, WeChat Pay, and UnionPay through borderless payment technology. For more information: www.alphapay.com

Alibaba Group Generated RMB268.4Billion

Alibaba Group Generated RMB268.4 Billion (US$38.4 Billion) of GMV During the 2019 11.11 Global Shopping Festival

Alibaba Group Generated RMB268.4Billion

Fan Jiang, President of Taobao and Tmall, at the 2019 11.11 Global Shopping Festival (Photo: Business Wire)


November 11, 2019 01:57 PM Eastern Standard Time
HANGZHOU, China–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA) announced that it generated RMB268.4 billion (US$38.4 billion) of gross merchandise volume (GMV) on November 11, 2019, an increase of 26% compared to 2018.


Highlights from the 2019 11.11 Global Shopping Festival


Total GMV settled through Alipay was RMB268.4 billion (US$38.4 billion), 

More than 200,000 participating brands

1 million new products launched for 11.11

Cainiao Network processed 1.3 billion delivery orders

AlphaPay’s Merchants Display on Alipay Discovery Platform

AlphaPay works closely with “Discovery” platform on Alipay’s mobile app, which allows Chinese outbound travelers to search for shops, restaurants and tourist attractions in the country they are visiting.

AlphaPay Capabilities:

  • Set up T&T homepage on Alipay app
  • T&T supermarketing on-going campaign
  • Brand content creation and design
  • Location-map setting
  • Promotion material and poster distribution
  • Campaign announcement
  • Data analysis


Three Alipay “Discovery” Platform Outreach:


    • Attract more customers

Businesses can use coupons to attract more curiosity and increase their exposure which offers the opportunity to achieve more sales volume and encourage repeat business

    • Boosting exposure through recommendations

Customers can conveniently find local merchants and services near them and receive merchants’ coupons through ‘nearest stores’, ‘star Merchants’, and ‘high score merchants’. First Data’s merchants will be able to market to Chinese tourists before, during, and after their visits, boosting the exposure of their businesses among China’s rapidly expanding overseas visitors

    • Offer business information to users

Through Alipay’s geolocation-based “Discover” function and notifications within the Alipay app, customers can easily locate merchants nearby, receive promotional information and contact information. They can also learn about the business and product offerings so that businesses can gain more awareness