Tuesday, December 1, 2020
Tags Chinese internet of things

Tag: Chinese internet of things

China’s Industrial Internet of Things Grows 22% in 2019, Expected to Account for over 11% of GDP Growth in 2020

A new white paper on China's Industrial Internet of Things (IoT) has highlighted surging growth in its contribution to the Chinese economy...

MIIT Unveils Six Key Measures for Accelerating Development of China’s Industrial Internet

China's Ministry of Industry and Information Technology (MIIT) has launched a new raft of measures for expediting the growth of its Industrial...

Xi Jinping Calls for Incorporation of Blockchain, Cloud Technology and IoT into Social Regulation and Coronavirus Containment

President Xi Jinping has called for the greater use of technology for social regulation purposes as well as efforts to combat the...

Ping An Group Enters Strategic Fintech Partnership with Internet of Things Firm

One of China's leading financial conglomerates has entered a strategic partnership with a Shenzhen-listed Internet of Things (IoT) firm for collaboration in...

China Construction Bank Opens Trio of 5G-driven Smart Banks in Beijing

One of China's big six state-owned banks has taken the lead in launching its first group of 5G-driven smart premises in the...

Three Big State-owned Banks Enlisted to Aid China’s Electronic Toll Collection System

Three of China's big state-owned banks are working with the country's transport authority to advance use of its electronic toll collection (ETC)...

Biometric Payments Spread to Fifth-tier Chinese Cities as IoT Growth Surges

Facial scan payments are spreading to China's smaller population centres as the country's Internet of Things (IoT) sector posts roaring growth.

China’s Banking Regulator Hails Fintech’s Potential

A senior official from the China Banking and Insurance Regulatory Commission (CBIRC) has hailed the application potential of emerging forms of fintech such as...

State Think Tank Calls for Expanding Digital Economy’s 30% Share of Chinese GDP

One of China's leading government think tanks has called for measures to further expand the digital economy's share of national GDP from over 30%...

60% of Singles Day Payments Made Using Biometric Technology, Alipay Foresees Integration with IoT

China's latest record-breaking Singles Day sales event has marked the emergence of biometrics as the leading form of payment, with Alipay expecting its integration...

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Chinese Banks Suspend Trading of Gold and Platinum Due to Concerns over Post-US Election Price Plunge

A slew of leading Chinese banks have announced the suspension of trading of gold and platinum due to concerns over market volatility...

Kuaishou Could Acquire Payments License, Joins Ranks of Chinese Tech Giants Making Forays into Finance

Chinese video-sharing platform Kuaishou could be preparing for a foray into the fintech sector by grabbing a payments license via the acquisition...

Bank of China Forecasts 7.5% GDP Growth for China in 2021

Big state-owned lender Bank of China (BOC) has issued a rosy forecast for Chinese GDP growth in 2021 following efforts to contain...

Chinese Central Bank Undertakes 200B Yuan in MLF, 150B Yuan in Reverse Repos on 30 November

The People's Bank of China (PBOC) has announced that it undertook 200 billion yuan in medium-term lending facility (MLF) operations and 150...