Stolen Apple IDs reportedly used for Chinese mobile payment thefts

By

Alipay
Alipay is one of the mobile payment services where users have reportedly had money taken.
Photo: Alipay

Hackers in China have used stolen Apple IDs to make off with cash from customers’ Alipay and Tencent accounts, two popular Chinese mobile payments service.

In a post on Weibo, Alipay said that it has contacted Apple to determine the exact details of the breach. It also warned that users who have linked their Apple IDs to mobile payment services should lower their transaction limits. Tencent has also gotten in contact with Apple.

Tim Cook wants to see money die

By

Tim Cook at Apple iPhone X event
Tim Cook hates cash.
Photo: Apple

The end of money can’t come soon enough for Apple CEO Tim Cook.

During Apple’s annual shareholders meeting today, Cook told investors that mobile payments like Apple Pay haven’t taken off quite as fast as hoped. However, he said he sees promising signs that the death of cash could soon be upon us.

By

Earnings call
Tim Cook was stoked about Apple's Q3 earnings.
Photo: Jim Merithew/Cult of Mac

In China, the Alipay app is as good as cash

By

Everyone accepts Zhifubao, China's answer to Paypal, even street vendors.
Everyone accepts Zhifubao, China's answer to Paypal, even street vendors.
Photo: Virginia Werner/Cult of Mac

Made_in_china_bugMainland China is Apple’s second biggest market, and will one day be its first. Apple is making a big push on the mainland, opening new stores and investing in home-grown companies. Why the interest? Because China is the new Japan — it’s where the future is happening. All this week we take a look at the cutting-edge apps that define mobile life on the mainland.

SHANGHAI CITY, China — The common question when conducting any kind of financial transaction in China is: “Cash or Zhifubao?” I have used Alipay in a wide variety of settings — paying for products online or meals at restaurants, sending rent money to my landlord, or squaring up with a taxi driver. It was easy to set up, after I spent all of 15 minutes creating a Chinese bank account at my local branch of the Industrial and Commercial Bank of China.

DSC_0050

Made in China: These apps are killing it on iPhone

By

Everywhere you look in China, young people are tapping away at apps.
Everywhere you look in China, young people are tapping away at apps.
Photo: Virginia Werner/Cult of Mac

Made_in_china_bugMainland China is Apple’s second biggest market, and will one day be its first. The company is making a big push on the mainland, opening new stores and investing in home-grown companies. Why the interest? Because China is the new Japan — it’s where the future is happening. All this week we take a look at the cutting-edge apps that define mobile life on the mainland.

SHANGHAI CITY, China — Just like their U.S. counterparts, Chinese youth obsess over their smartphones. But while the phones they use look the same, the apps are quite different: China has its own must-have apps that keep users’ eyes glued to screens at all hours of the day.

Some Chinese apps seem quite similar to their Western counterparts, but others boast innovative and intriguing features. Apple’s clearly interested: While slowing growth in China put a dent in APPL stock, Cupertino recently made a strategic $1 billion investment in Chinese Uber rival Didi Chuxing.

What other apps in China might grab Apple’s attention? Tim Cook could start his due diligence with this list of powerhouse Chinese iPhone apps. The country’s young people use these apps to listen to music, make purchases, get around town, interact with others and maintain their online identities.

These Chinese apps are impressive and convenient, and they are showing us the future of mobile: a world where everything is at our fingertips.

Alipay brings Touch ID payments to 300 million customers in China

By

Apple Pay is going everywhere in 2015. Photo: Apple
Apple Pay is inching closer to China. Photo: Apple

Apple is still trying to get a license for Apple Pay in China, but its new friends at Alibaba are bringing Touch ID payments to the mainstream in China today, with an update to the popular Alipay app that gives iPhone owners the power to make purchases with a fingerprint.

Alipay, which boasts over 300 million users in China, is the e-payment branch of Alibaba which just had the biggest global IPO ever this year. Tim Cook and Alibaba CEO Jack Ma met this year to talk about an Alipay + Apple Pay partnership, and the addition of Touch ID support is a strong sign that Apple’s mobile payments solution could be added in the future.

Apple Pay is one step closer to arriving in China

By

Photo: Adrian Korte CC
Photo: Adrian Korte CC

Apple is talking to Chinese e-commerce company Alibaba about bringing Apple Pay to China, according to a new report from the Wall Street Journal.

“Right now, I think what we can say is that this is focused on the China market for Apple,” senior Alibaba executive Joseph Tsai is quoted as saying. “We are positive about the potential cooperation, but it depends on the details being worked out.”