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Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported. The iPhone maker has struck deals recently with China's big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions. When launched, Apple Pay will mainly compete with Alipay, the online payment platform run by Alibaba Holding Group Ltd affiliate Ant Financial, and UnionPay Co, a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country. Apple's plans could still face regulatory hurdles in China, where banking and e-commerce are overseen by a number of government agencies, WSJ said. Launched in the United States in October last year, Apple is bringing its payment se...

China plans to crack down on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting. China has been trying to reign in its counterfeiters, who have copied everything from Apple iPhones to Louis Vuitton handbags, since it joined the World Trade Organization in 2001 and was required to adhere to global standards on intellectual property rights. The country plans to eradicate intellectual property rights infringement on the internet within 3 years, it said in a posting by China's cabinet on its official website on Saturday. China will promote the use of a "real-name system" on the internet and electronic tags to make it easier to track goods and the identities of offenders, the statement said. ...

Tag: iPhone

Apple plans to launch Apple Pay in China by February

China to go after online retail sales in fight against fakes