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Wednesday, November 25, 2020
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Tag: Meituan

Postal Savings Bank of China Enters Strategic Cooperative Agreement with Meituan to Create “Financial Services Ecosystem”

Big six state-owned lender Postal Savings Bank of China (PSBC) is teaming up with Beijing-based e-commerce giant Meituan to create a "financial...

China’s Street Vendor Economy to Get a Boost from Internet Giants

China's leading internet companies have unveiled measures to help bolster the economic contribution made by street vendors in the wake of the...

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Ant Group Grabs Approval for over $3 Billion in ABS Financing for Huabei and Jiebei Platforms

Chinese fintech giant Ant Group has just secured approval for 20 billion yuan (approx. USD$3.04 billion) in asset-backed security (ABS) financing.

Suzhou to Hold Digital Renminbi Lottery During Double 12 Shopping Festival, Test “Dual Offline” Functionality

The Jiangsu province city of Suzhou plans to conduct digital renminbi lottery trials during this year's Double 12 Shopping Festival, following the...

China Leads World in Cross-border Data Flows with 23% Global Share

China has emerged as the world's firm leader when it comes to cross-border data flows as its digital and online economies continues...

Competitiveness of Banks Will Lie in “Data + Algorithms” in Future: Agricultural Bank of China

A senior official from one of China's big six state-owned banks has highlighted the critical role that fintech will play in shoring...