Ant Group is sending a signal to China’s traditional finance industry: with access to financial licenses, tech companies can bite.
China is set to expand its digital currency testing programs to more regions and cities, including some of the country’s most developed financial hubs.
On the evening of May 21, Reuters reported that Baidu was considering delisting from NASDAQ to boost its valuation. Baidu responded to The Economic Observer later claiming this was a false rumor.
Shanghai-based service robot manufacturer Keenon Robotics announced that it had completed its B round of financing at the end of 2019.
Lenovo was accused of "fraud" by the financial services agency Bucephalus Research and was given a "sell" rating in an interview with Bloomberg.
Ant Financial announced the launch of the INCLUSION Fintech Conference, an event that aims to bring together the global financial and technology community.
PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.
Mu Changchun, deputy director of the PBOC’s payments department, said at an event held by China Finance 40 Forum over the weekend that the bank’s own cryptocurrency is “close to being out.”
Alibaba Group CEO Daniel Zhang took to the stage in Hangzhou to share his visions on platform economy and how it could make global commerce more inclusive.
Currently there is no hotter topic than blockchain in China where “3AM Sleepless Blockchain Communities” are rumoured to thrive. What is blockchain you ask? It is a technology developed to keep track of Bitcoin transactions whose usage have expanded with its popularity.