Tuesday, January 26, 2021
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Beijing Responds to Trump’s Plans to Ban Transactions with Eight Chinese Apps

The Chinese central government has provided an official response to the Trump administration's decision to ban transactions with a total of eight...

Trump Administration Bans Transactions with Alipay and WeChat Pay

The Trump administration has fired a parting broadside at China's tech sector by placing a ban on transactions with eight Chinese apps,...

Alipay Grabs Greenlight for Payments Operations in Indonesia

Ant Group's Alipay platform is on track to expand its presence in Indonesia after grabbing approval from regulators for a cooperative relationship...

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...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...