Monday, April 19, 2021
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Tag: WeChat Pay

Beijing Responds to Trump’s Plans to Ban Transactions with Eight Chinese Apps

The Chinese central government has provided an official response to the Trump administration's decision to ban transactions with a total of eight...

Trump Administration Bans Transactions with Alipay and WeChat Pay

The Trump administration has fired a parting broadside at China's tech sector by placing a ban on transactions with eight Chinese apps,...

Tencent Touts Use of WeChat Pay Mini-Programs by Foreign Corporations as Driver of Economic Digitisation

Tech giant Tencent has touted the role of WeChat Pay and mini-programs as drivers of digitisation in the Chinese economy in the...

Tencent’s Fintech Revenues See 30% YoY Leap in Second Quarter of 2020

Tencent's latest quarterly report reports to rising growth in fintech-related revenues despite the ongoing economic impacts of the COVID-19 pandemic.

Tencent’s WeChat Pay Makes Foray into Turkish Market

Chinese tech giant Tencent has just made its payments platform WeChat Pay available for use in Turkey for direct payments by tourists....

Fintech Played Critical Role in China’s Containment of COVID-19: Rich Turrin

Shanghai-based fintech veteran Rich Turrin says that the widespread adoption of digital payments in China has played an instrumental role in the...

Chinese Expats Drive Overseas Expansion of Alipay and WeChat Pay in the West: Interview with Luke Deer

Overseas Chinese communities have emerged as key offshore growth areas for the digital payments services of tech giants Alipay and WeChat. 

Will China’s Central Bank Digital Currency Threaten Alipay and WeChat Pay?

China's plans for the launch of central bank digital currency (CBDC) have created concerns that the position of digital payments giants Alipay...

Tencent Says Libra Could Deal Crushing Blow to Chinese Payments Giants

Chinese internet titan Tencent has expressed concern about the potential for Facebook's proposed Libra cryptocurrency to destroy the dominance of China's incumbent...

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...

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Chinese Central Bank Commits to More Policy Support for Carbon Targets, Warns of Risk Arising from Transition Away from Fossil Fuels

The People's Bank of China (PBOC) has reiterated its commitment to green finance initiatives as part of efforts to satisfy the country's...

Jack Ma Reportedly Being Ousted from Ant Group by Chinese Authorities

Storied Internet entrepreneur Jack Ma is reportedly being forced by Chinese authorities to make a complete withdrawal from his fintech and payments...

Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%

China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...

China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%

Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...