Sunday, January 24, 2021
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Fintech

TikTok’s Chinese Counterpart Confirms Addition of Online Payments Function

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Douyin, the Chinese counterpart to social media giant TikTok, has confirmed that it is now capable of providing payments functions following the...
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Finance

ByteDance Launches Factoring Company in Hainan

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TikTok-owner ByteDance has established a factoring company in China's southern island province of Hainan, as part of broader efforts by the tech...
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Fintech

TikTok Is Just the Beachhead for ByteDance’s Global Ambitions: “Story of TikTok” Author Matthew Brennan

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Matthew Brennan, the author of Attention Factory: The Story of TikTok and China’s ByteDance, says that ByteDance has ambitions to transform itself...
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Fintech

ByteDance Conducts Internal Testing of Online Consumer Finance Product

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Tech company ByteDance is testing out a new consumer credit product that will be made available via Douyin - the original Chinese...
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Fintech

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

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ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...
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Economy

Beijing Responds to India’s Banning of 118 Chinese Apps

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China's Ministry of Commerce (MOFCOM) has issued a response to India's recent decision to ban a slew of Chinese mobile apps.
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Fintech

TikTok Founder Zhang Yiming Grabs Payments License for Toutiao via Acquisition of Wuhan Fintech Firm

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The head of TikTok-owner ByteDance has acquired a payments licenses via the takeover of a Wuhan-based company, in a move intended to...
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Finance

ByteDance Reportedly Applies for Five Financial Licenses in Hong Kong, Virtual Banking License in Singapore

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TikTok-owner ByteDance is reportedly planning a foray into the finance sector of Hong Kong.
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Economy

Ant Group and ByteDance Top 2020 List of Global Unicorns

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Chinese companies account for the majority of the top ten entries on the Hurun Report's latest list of private unicorn firms valued...
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Most Read

Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

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China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...
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China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

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Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...
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Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

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The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...
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Pinduoduo Owner Applies for Payments Trademark

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A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.
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