Tech China Post #32

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Big banks talk about fintech in China. From vice chairman of JPMC Asia: “JPMorgan every year, as we speak, processes through our QuickPay 94 million payments. But Tencent, the Chinese company, over Chinese New Year, in five days processed 46 billion payments. Basically that means 800 million payments per hour.”

Didi, the local car-sharing company that acquired Uber China and pushed Uber out of China, has invested in Taxify. Taxify, headquartered in Estonia, is a car-sharing and taxi app in Europe and Asia

SoftBank partners with China’s bike-sharer Ofo to expand into Japan

Facebook launched a non-FB branded photo sharing app via WeChat in China. The new app, called Colorful Balloons, is built by a separate company in China but has same capabilities and design as Facebook’s Moments app. (link)