The China Edit | Rising Magazine Culture, Alibaba IPO, Body Shop, Stop to Virtual Credit Cards

A look from Vega Zaishi Wang's Spring/Summer 2014 collection | Source: Vega Zaishi Wang

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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As Giant U.S. IPO Nears, Alibaba’s China E-Commerce Crown Slips

Source: Reuters

SHANGHAI, China — Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in a one-room apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.

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China’s Central Bank Halts Tencent, Alibaba Mobile Payment Process

Source: Reuters

HONG KONG, China — China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding, amid concerns over the security of their verification procedures.

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