Background on the Delay 40% of Ant Group’s revenue comes from its CreditTech unit, which includes the Zhima Credit unit, credit rating, Ant Credit, and Ant Cash Now. ( read original story …)
Tagged By beijing
Chinese Payments Giant UnionPay to Support Crypto Spending With New Virtual Card
China’s UnionPay, the world’s biggest credit and debit card company, will support payments with a South Korea-developed cryptocurrency for an upcoming virtual card offering. Under a freshly inked deal … ( read original story …)
China’s UnionPay Signs Crypto Card Deal with Korean Cryptocurrency Paycoin
China’s UnionPay partners with Korean cryptocurrency Paycoin for a virtual card to let users pay through Paycoin at more than 30 million UnionPay merchants … ( read original story …)
‘Jack Ma is tamed’: social media reacts after China blocks IPO
Analysts say Ma’s criticism of authorities likely reason for Ant Group’s IPO being halted … ( read original story …)
China warns U.S. after drone sales to Taiwan
China is not ruling out a stern response to the latest U.S. weapons sales to Taiwan: MQ-9 Reaper drones worth $600 million recently approved by the U.S. State Department. ( read original story …)
Blockchain IoT Market Expected to Surpass $5,802.7 Million and Grow at a CAGR of 91.5% by 2026
The global blockchain IoT market is predicted to witness a noteworthy growth in forecast period due to the increasing adoption IoT and blockchain services by end-use industries across the globe. The … ( read original…
China’s UnionPay and Korea’s Danal to launch crypto-supporting digital card
Major financial services corporation China UnionPay, an analog to card providers like Visa and Mastercard, has partnered with the South Korean payment provider Danal to launch a … ( read original story …)
Why China is the biggest foreign policy risk facing the U.S., according to a scholar
China remains the biggest foreign policy risk facing the U.S., according to Liz Economy, a senior fellow at Stanford University’s Hoover Institution. ( read original story …)
BMW Sales Boosted by China’s Strong Covid-19 Recovery
BMW, the German luxury car maker, reported strong growth in profits and new vehicle sales in the third quarter, as China’s robust recovery from the pandemic continues to bolster premium auto brands. ( read original…
China’s yuan has its worst fall in years on fears of renewed US tension
The US presidential election is far from decided. But Chinese markets may already be getting jittery about the possibility that President Donald Trump could pull out a second term. ( read original story …)
In China, bemusement and scorn over unresolved U.S. election
Chinese social media users watched election day in the United States with bemusement and mockery, as President Donald Trump complained of a “major fraud on our nation” and falsely claimed victory … ( read original…
Ant Group: China yanks IPO to show Jack Ma who’s really in charge
Beijing just showed tech titan Jack Ma and the rest of China’s billionaire tycoons who’s really in charge. Chinese regulators stunned financial markets on Tuesday when they slammed the brakes on Ant … ( read…
China says U.S. sends out ‘wrong signals’ to Taiwan on proposed drone sale
U.S. relations have plunged to their lowest level in decades amid disputes about security, technology, the coronavirus pandemic and human rights. ( read original story …)
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