and has played a major role in shaping the financial technology landscape in China. Its Alipay online payment app is one of the biggest players in an increasingly cashless society. But in five years, technology…
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Exclusive: Ant Financial shifts focus from finance to tech services: sources
Bank chairman’s apparent suicide brings attention to China’s troubled lenders
Yin Jinbao, the man found dead in his office last month, served on the boards of Tianjin Rural Commercial Bank and Tianjin Binhai Rural Commercial Bank. Yin’s apparent suicide came at a time when both…
China tells U.S. Secretary of State to mind his own business after Tiananmen Square comments
China has lodged stern representations with the United States, its foreign ministry said on June 4, over comments by U.S. Secretary of State Mike Pompeo urging it to come clean on the anniversary of the…
Qantas gives in to Beijing’s ‘Orwellian’ demand to change how it refers to Taiwan
Qantas will change its description of Taiwan from a country to a province of China. China sent dozens of airlines a letter requesting the change in April, which the White House previously called “Orwellian nonsense.”…
China pushes state banks into home rental market at their own risk
The total value of the rental market was 1.3 trillion yuan last year. China Construction Bank Corp (CCB), the second-largest lender, is the most visible example of this trend, giving loans to renters at ultra-low…
China Mobile Payments, AI, Bike-Sharing, Short Videos All Make The Meeker Report
China tech is highlighted regularly in Mary Meeker’s annual Internet report that underscores China’s advances in mobile entertainment and payments, e-commerce, artificial intelligence and on-demand transportation — in other words, all the latest … (…
China is investigating foreign chipmakers
China’s State Administration for Market Regulation is also investigating US tech firm Micron Technology (MU) and South Korea’s SK Hynix, according to the Wall Street Journal. Samsung (SSNLF) said in a statement that investigators had…
China’s Xiaomi plans $3 billion CDRs in blockbuster July IPO: sources
HONG KONG (Reuters/IFR) – Chinese smartphone and connected device maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in…
China ‘regrets’ EU’s allegation of intellectual property theft lodged with World Trade Organisation
China voiced regret over the European Union’s decision to lodge an intellectual property rights complaint at the World Trade Organisation, just as Beijing is embroiled in a similar dispute with Washington. The EU brought the…
China says in principle door is open to talks with U.S. on trade
BEIJING (Reuters) – China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void…
China’s Xiaomi eyes $3 billion CDRs in $10 billion July listing plan: sources
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, people…
‘Need to play by the rules’: UK and France will challenge Beijing in the South China Sea
France and the UK will challenge Beijing by sailing through contested waters in the South China Sea. British Secretary of State for Defence Gavin Williamson said nations “need to play by the rules” at the…
Deutsche Bank Says Never Mind Trade Tensions, Buy China Stocks
Next steps are unclear, following Commerce Secretary Wilbur Ross weekend meetings with negotiators in Beijing. The rhetoric isn’t troubling Deutsche Bank strategist Will Stephens. The MSCI China Index is one of the most domestically geared…
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