China’s answer to PayPal has apologized after a new social media feature on its payments app was hijacked by promoters of soft pornography. Alibaba (BABA, Tech30) affiliate Ant Financial launched Circles on its Alipay app…
Posts By admin
China's economic, financial progress applauded by IMF, WB officials
China has made great progress in economic growth and financial development, which reflects the government’s sound and effective management, officials with the International Monetary Fund (IMF) and World Bank have said. The officials paid a…
China central bank injects more funds into financial market
China’s central bank said Thursday it had put 739 billion yuan (107 billion U.S. dollars) into the financial market through medium-term lending facilities (MLF) last month. Total outstanding MLF loans to financial institutions stood at…
No Chinese financial crisis over next three years, says S&P Ratings
A growing number of commentators now fear China’s growing debt mountain has become a ticking time bomb. But they might be worrying overly, according to S&P Global Ratings, which thinks a financial crisis is unlikely…
Tradeshift launches joint ventures in China on supply chain digitalization
SAN FRANCISCO, Ca.–Tradeshift launched two new joint ventures in China to connect millions of trading partners, digitalize the transactions between them, and offer accessible trade-based financial services to SMBs in the region. The joint ventures…
China Emerges As The Biggest Advanced Fintech Market In The World
China is the world’s largest financial technology market, with a market size greater than US$1.8 trillion in 2015. In addition, it is a global leader in every aspect, including market structure and user habit. Out…
China's private-sector engine revs up, but will it keep firing?
TANGSHAN/GUIYANG, China (Reuters) – Toilet manufacturer Fenghua Ceramics Co is building a factory over farmland in north China’s Tangshan city, its first major investment since 2000. While it plans to boost annual production by 20…
China using AI to censor sensitive topics in online group chats
China appears to have massively upgraded its powerful online censorship apparatus, using it to more severely block sensitive topics in group conversations while allowing freer rein in private chats – a sign, one expert says,…
China hikes tax on imported luxury cars
The Finance Ministry said it is aimed at encouraging “rational … might run afoul of Beijing’s World Trade Organization commitments to treat foreign and domestic goods equally. China has been the fastest-growing market for Rolls…
Concur to Expand Business in China
Together with China DataCom Corporation, Concur’s expansion in China will help companies with localization, globalization and digital transformation of T&E processes BEIJING, Dec. 1, 2016 /CNW/ — Concur, an SAP (NYSE: SAP) company and the…
Why China’s New Cybersecurity Law Is Bad News for Business
China’s new cybersecurity law, expected to take effect next June, could hurt any foreign firm looking to do business in the world’s second-largest economy. Though the law is intended to fight non-Chinese and Chinese hackers,…
Asian markets higher after China factory data
SEOUL, Korea, Republic Of – Asian stock markets moved mostly higher on Thursday as upbeat factory data from China boosted investor sentiment. KEEPING SCORE: Japan’s Nikkei 225 jumped 2.3 per cent to 18,727.25 while South…
China introduces 10% extra tax on 'super cars'
China has introduced an additional 10% tax on “super cars”, including Ferrari, Bentley, Aston Martin and Rolls-Royce. The tax, affecting cars that cost more than 1.3m yuan ($189,000; £151,024), is aimed at curbing lavish spending…
ADVERTISEMENT
