Monday, October 26, 2020
Tags Chinese automation

Tag: Chinese automation

UnionPay Creates Unmanned Automated Supermarket Using QuickPass Payments App

Payments giant China UnionPay has used its QuickPass (云闪付) payments app to permit the creation of a convenience store in the Kunming...

Big State-owned Banks Lead Sharp Cuts to Staff Levels as Fintech Takes Off in China

Chinese banks oversaw sharp reductions to their staffing levels in the first half of 2019, amidst efforts by many lenders to expand...

China Could Automate Away 2.5 Million Customer Service Jobs, Banks Amongst Leading AI Adopters

Chinese financial institutions are taking the lead in the adoption of artificial intelligence-driven customer service systems that could dramatically reduce staff numbers....

China Puts Finishing Touches on Digital Economy Policy Framework, 5G Expected to Drive 15.2T Yuan in Growth

The Chinese government is accelerating efforts to improve its overall policy framework for development and regulation of the digital economy.

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Development of Dual Offline Digital Renminbi Wallets Is Complete: Chinese Central Bank’s Digital Currency Chief

The head of the People's Bank of China (PBOC) Digital Currency Research Institute Mu Changchun (穆长春) has revealed details concerning the development...

China’s Elderly Population Will Exceed 300 Million During 14th Five Year Plan

Data from the Ministry of Civil Affairs (MCA) indicates that China's population of elderly people is on track to approach a third...

Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).