Alipay’s Counterattack against ICBC: How About Changing Your Card?
After ICBC’s reduction in interfaces of Quickpay, Alipay posts a notice on the top of its help page, claiming that if users fail to set up Quickpay with an ICBC card, it is because of the limitation from the bank, and users can refer to the customer service of ICBC for more information and had better change another card for the payment.

Ministry of Transport: Taxi Hailing Apps May Offend Fairness
Li Yang, vice-director of Policy Research Office of Ministry of Transport of the People’s Republic of China, stated on the second routine press conference of 2014 yesterday that some companies financially rewarded passengers and drivers using their apps in the service of taxi hailing, and this might exert a negative effect on the fairness of the market.

PBC May Ban Commercial Banks’ Service for BitCoin Trade
According to people familiar with the matter, recently the People’s Bank of China (PBC) has demanded banks and third-party payment agents to close the accounts of BitCoin trade in China. “If it is true, our account will be closed and we can do nothing. If users trust us, we may choose individual account instead,” says Ling Kang, vice-president of BitCoin China.

Lei Jun: Tencent Investing in Xiaomi is Rumor
Yesterday word spread that Ma Huateng, CEO of Tencent, had a discussion with Lei Jun, CEO of Xiaomi, concerning their further cooperation, and Tencent had already decided to invest 2 billion USD in Xiaomi. In response to the news, last night Lei Jun posted on his microblog that it was only a rumor.