Wednesday, January 27, 2021
Tags Chinese New Year

Tag: Chinese New Year

Coronavirus Drives 46.79% Rise in China UnionPay’s Online Payments during Chinese New Year

The novel coronavirus is driving a sharp rise in online payments transactions as fear and containment measures keep many Chinese consumers at...

Tencent Suspends In-person Distribution of Chinese New Year Bonuses for First Time in Nearly Two Decades

Tech giant Tencent has suspended the in-person distribution of red packet Chinese New Year's bonuses to employees for the first time in...

Over 4.5 Billion Online Payments Processed during Chinese New Year

The traditional Chinese lunar new year has seen the domestic payments sector process a vast number of online holiday transactions, with China's...

February PMI Slides to 50.3 Due to Chinese New Year Vacation

China's official purchasing managers' index reading for February is 50.3, for a 1.0 point decline compared to the preceding month. Out of the 13 PMI...

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Chengdu to Issue 50M Yuan in Digital Renminbi via Record-sized Lottery

The Sichuan province capital of Chengdu is the latest Chinese city to stage trials for the issuance of the digital renminbi via...

Automaker Geely Establishes Fintech Investment Vehicle

Privately held automaker Zhejiang Geely Holding Group (浙江吉利控股集团有限公司) is seeking to expand its presence in the fintech sector with the launch of...

China Authorises 530,000 Patents in 2020, Patent Pledge Financing Rises over 43% YoY

The China National Intellectual Property Administration (CNIPA) says it approved 530,000 patents in 2020, bringing the total number of domestic patents in...

Shanghai Pudong Development Bank Opens Fintech Research Facility in Singapore to Focus on Blockchain, AI and API Development

Municipal lender Shanghai Pudong Development Bank (SPD Bank) has become the first joint-stock bank in China to establish an innovation centre...