Wednesday, October 28, 2020
Tags United States

Tag: United States

Tencent Has Ambitions to Expand WeChat Pay’s US Presence

Chinese internet giant Tencent is intent on expanding the presence of its payments vehicle WeChat Pay in the US market despite escalating Sino-US trade...

Trade War Is the Wrong Prescription for Sino-US Relations: China’s Foreign Minister

The head of China's Ministry of Foreign Affairs has sought to assuage concerns about the possibility of a trade war with the United States. Addressing...

Chinese Retail Sales on Track to Match America’s in 2018

A new report indicates that retail sales in China are likely to match or even exceed those of the United States in 2018, in...

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Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...

Jack Ma’s Ant Group Valued at over $313 Billion by IPO Pricing

The pricing for Ant Group's upcoming IPO in Hong Kong and Shanghai puts the value of the fintech giant at 2.1 trillion...

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...