Tag: China
Wanda’s Wang says UnionPay answers internet doubts
Dalian Wanda Group Co. and China UnionPay are planning to collaborate on mobile payment apps. Read more: www.bloomberg.com
A year after launch, Apple Pay finds limited traction in China
Apple Pay is now dominating its home country, the US, but the same can’t be said of China where it is up against a different set of challenges. Read more: techcrunch.com
China to lead the way for blockchain usage
Industry experts have said that China is set to lead the way with the use of blockchain as it reinforces the development of digital intelligent services. Read more: www.cryptocoinsnews.com
In FinTech, China shows the way
Advanced technology, backward banks and soaring wealth make China a leader in FinTech. Read more: www.economist.com
Jack Ma’s playbook for Ant Financial’s global expansion
Valued at an estimated $60bnn ahead of a possible IPO this year, Ant Financial is now on a streak of overseas deals. Read more: www.techinasia.com
China’s bitcoin traders find new ways to trade after clampdown
China’s central bank has stepped up oversight of bitcoin exchanges this year, leading major trading platforms to impose halts on withdrawals. Read more: qz.com
We shouldn’t “kill” bitcoin but regulate: Bank of China governor
L H Li, the former governor of Bank of China, stated that the Chinese central bank should try to regulate Bitcoin rather than attempting to stop adoption. Read more: cointelegraph.com
China’s bitcoin exchanges impose fees
Smaller competitors moved to impose or increase trading fees yesterday in the wake of a meeting with the People's Bank of China, China's central bank. Read more: www.coindesk.com
Ant Financial raising $3bn in debt for M&A deals
Ant Financial, the parent of China’s largest online payment service, is seeking to raise less than $3bn in debt to fund its acquisitions. Read more: www.bloombergquint.com
Chinese central bank warns bitcoin exchanges, again
In a public announcement today, the People’s Bank of China (PBOC) has revealed its warning toward nine local bitcoin exchanges operating in the country. Read more: www.cryptocoinsnews.com