Wednesday, October 28, 2020
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Ant Group Comes under Scrutiny for Exclusive Online Fund Sales, Denies”Underwriting Its Own IPO”

Fintech giant Ant Group is facing heavy scrutiny over a potential conflict of interest involving the exclusive sale of investment funds via...

Ant Group’s Alipay Challenges Dominance of Chinese Banks via Online Sale of Mutual Funds

An exclusive sale of mutual fund products by Ant Group's Alipay platform poses a major threat to the prevailing dominance of Chinese...

Alipay’s Insurance Platform Provides Policies for House Pets Using Biometric Nose Print Technology

Alipay is using biometric technology based on the unique nose prints of house pets to help to provide insurance policies for them...

Alibaba First in the World for Authorised Blockchain Patents

A new report points to Chinese e-commerce giant Alibaba as the world's leading applicant for authorised blockchain-related patents.

Alipay Establishes First Independent Search Division, Appoints Taobao Exec as Head

Chinese payments giant Alipay has launched its first ever independent search division in a bid to improve its search services.

China’s Central Bank Digital Currency Won’t Be Blockchain-based or Rival to Alipay: Rich Turrin

Shanghai-based fintech veteran Rich Turrin says that despite the widespread association between distributed ledger technology and cryptocurrencies, China’s hotly awaited digital renminbi...

Supreme Court Supports Chinese Parents Seeking Reimbursement for Gaming Fees Paid by Kids Online

Judges from the China's Supreme People's Court (SPC) have said that the judicial authority will support efforts by parents to obtain reimbursements...

Fintech Played Critical Role in China’s Containment of COVID-19: Rich Turrin

Shanghai-based fintech veteran Rich Turrin says that the widespread adoption of digital payments in China has played an instrumental role in the...

Chinese Expats Drive Overseas Expansion of Alipay and WeChat Pay in the West: Interview with Luke Deer

Overseas Chinese communities have emerged as key offshore growth areas for the digital payments services of tech giants Alipay and WeChat. 

Will China’s Central Bank Digital Currency Threaten Alipay and WeChat Pay?

China's plans for the launch of central bank digital currency (CBDC) have created concerns that the position of digital payments giants Alipay...

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Further Opening of Financial Sector Is Inevitable: Chinese Central Bank Chief

Yi Gang (易纲), the governor of the People's Bank of China (PBOC), has highlighted the external opening of the Chinese financial sector...

Zhou Xiaochuan Denies that Belt and Road Is Debt-trap Diplomacy

The former governor of the Chinese central bank has addressed accusations that China's much vaunted Belt and Road Initiative perpetrates a form...

Shenzhen the Stage for Further Chinese Depository Receipt Reforms as China Drives Capital Market Internationalisation

The southern tech hub of Shenzhen is set for further trials of Chinese Depository Receipts (CDR) as part of broader reforms to...

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...