Battle between Taxi Hailing Apps: Tencent and Alibaba Scrambles For Mobile Payment Users
On January 10th, Didi Taxi and WeChat Pay promoted its mobile payment in 32 cities of China in the way of returning RMB 10 yuan to passengers and 10 yuan to taxi drivers in cash. After ten days, Kuaidi Taxi and Alipay followed them and returned even 5 yuan more to drivers in 40 cities. According to the data of the third quarter from Analysys International, Kuaidi Taxi occupied 41.8% of the market shares, and Didi Taxi owned 39.2%, while Yaoyao Taxi ranking the third only had 9%. Apparently, the battle between these two taxi hailing apps is actually the scramble of mobile payment users between WeChat Pay and Alipay, supported by Tencent and Alibaba.
NASDAQ: GAME Received Privatization Offer
Last night NASDAQ: GAME announced that it received a privatization offer from a financial group led by controlling shareholders at the price of 1.9 billion dollars.
The CFO of LightInTheBox Is Leaving in February
LightInTheBox announced on Monday that the CFO, Xue Zheng, decided to leave the job because of personal reasons, and his departure would come into effect on February 17th. After that, the financial director and vice-president of finance, Hu Jia, who has served for over 5 years will be temporarily in charge of the accounting and financial affairs, under the supervision of the president, Mark Stabingas, and the audit committee subordinate to the Board of Committee. The company states that the Board will start to seek a new CFO at once.