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China Daily 每日新闻摘要——May 21th

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发表于 2016-5-21 18:12:07 | 显示全部楼层 |阅读模式
Samsung partners with China's Alipay


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Agreement is the latest move by a foreign player to win share in the largest smartphone market


Samsung Electronics Co Ltd has struck a partnership with Chinese payment service Alipay, to expand Samsung Pay in the world's largest smartphone market.


Currently Alipay is a separate app on the devices. When customers pay, they need to open the Alipay app, then scan a QR code provided by the retailer.


But Samsung Pay users are now able to link to their Alipay accounts and access to Alipay's QR codes to make payments, without separately opening the Alipay app.


Samsung officials hope that by using Samsung Pay more directly, it will increase the popularity of the South Korean company's payment technology in China as it battles US rival Apple Inc.


Samsung Pay was launched in China in March, a month after Apple Pay.


Run by Alibaba Group Holding Ltd's finance arm Ant Financial, Alipay is by far China's largest payment service with 450 million active registered users.


"The cooperation with Alipay provides us with a new application scenario, and also offers a more efficient payment method for users who are accustomed to Alipay," said Wang Tong, president of Samsung Electronics' product strategy and R&D in China region.


With domestic internet giants Alibaba and Tencent Holdings Ltd still largely dominating mobile payments in China, the agreement is the latest move by a foreign player to win market share.


Last December, both Samsung and Apple signed deals with China UnionPay, the country's biggest bank card association.


Sandy Shen, research director at internet consultancy Gartner Inc, said the agreement was a good way for Samsung to expand its business in China.


"Before it was only working with China Unionpay and covered merchants with POS terminals. Alipay also covers small and medium merchants that don't necessarily have a POS, so this will increase the number of merchant locations that accept Samsung Pay."


Shen, however, added that the cooperation is unlikely to have any major impact on the mobile payment market as a whole.


"The payment experience is not significantly better than Alipay or other digital wallets, and it still requires people to buy new phones to use Samsung Pay, which still has a relatively small user base."


Transactions completed through third-party mobile payment platforms reached 11.8 trillion yuan ($1.8 trillion) last year, a jump of 46.9 percent year-on-year, according to iResearch Consulting Group. Alipay was responsible for 68.4 percent of that and Tenpay, Tencent's alternative, which handles payments for WeChat, took 20.6 percent.

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 楼主| 发表于 2016-5-21 18:15:38 | 显示全部楼层
125 arrested in vaccine scandal


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Prosecuting authorities have approved the arrests of 125 people suspected in a vaccine scandal involving 570 million yuan ($87 million), the Supreme People's Procuratorate said on Friday.


Another 37 people involved in the case were being investigated on suspicion of duty-related crimes such as bribery, abuse of power and dereliction of duty, it said.


The vaccines involved in the case had allegedly been sold since 2011 in more than 20 provinces, autonomous regions and municipalities by a mother and daughter in Shandong province.


The vaccines allegedly were not properly stored in cold conditions, which might have reduced their effectiveness. No deaths or injuries were reported in relation to the use of the problematic vaccines.


After the case was reported in February, the central government set up a special investigation team in March of officials from various ministries and the Supreme People's Procuratorate.


Of the 125 arrested, two had been convicted by the court as of Thursday, according to the Supreme People's Procuratorate.


Most of those suspected of abuse of power are medical staff at township or community health centers who allegedly bought vaccines from sellers, despite knowing that the sellers were not certified to sell vaccines, according to the procuratorate.


Most of those suspected of dereliction of duty are chiefs of township health centers who allegedly turned a blind eye to the medical staff in the centers buying the problematic vaccines through illegal channels, the procuratorate said.


The vaccines involved in the scandal were Category Two vaccines, for which users must pay.


The management of such vaccines was not as strict as for Category One vaccines, such as those for hepatitis B and the polio virus, that are mandatory and provided by the government for free.


Following the incident, the State Council, which is China's Cabinet, released a revised regulation in April to tighten the management of all vaccines.

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