A second digital yuan trial by the People’s Bank of China has ended with spending on numerous things from retail to grocery to ridesharing. ( read original story …)
Tagged By blockchain
US-China tech decoupling: Zoom woes reveal narrowing space for firms to reconcile both systems
Like other US companies, Zoom faces a choice of complying with increasingly stringent Chinese government rules or quitting the market altogether. ( read original story …)
Did CBDCs affect the crypto space in 2020, and what’s next in 2021? Experts answer
Regardless of the catalyst for their efforts, it is indisputably positive to see the gatekeepers of the traditional financial system realize the importance of crypto. China has been the clear … ( read original story…
China orders Ant Group to clean up its business practices, comply with regulations
Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with … ( read original story …)
China’s telecom sector posts steady revenue growth
China’s telecommunications industry registered steady growth in revenue in the first 11 months of this year, official data shows. The combined industrial revenue rose 3.5 percent year on year to 1.25 … ( read original…
China Tells Ant Group to Refocus on Its Payments Business
Chinese financial regulators moved to rein in Ant Group, the financial-technology giant controlled by billionaire Jack Ma, telling it to switch its focus back to its mainstay payments business and … ( read original story…
Jack Ma episode has made global investors jittery about China
Mahua VenkateshNew Delhi, Dec 27 (IANS) The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. At a … (…
CCP’s Witch Hunt of Jack Ma and Alibaba Will Cripple Foreign Investments Into China
Jack Ma is a vociferous critic of the Chinese government and the nature of financial regulations in the country. ( read original story …)
China Tells Ant to Refocus on Payments Business
Financial regulators order Jack Ma’s Ant Group to switch its focus back to its mainstay payments business and rectify problems in faster-growing areas such as personal lending, insurance and wealth … ( read original story…
China’s financial regulators order Ant Group to alter business plan
China’s financial regulators on Sunday instructed Ant Group, the world’s largest financial technology company, to quickly present a concrete plan to meet regulatory demands and rectify what they … ( read original story …)
China Orders Ant Group to Revamp Its Business
By Raymond Zhong Chinese regulators on Sunday ordered the financial-technology giant Ant Group to fix what they … Google and other tech giants have done elsewhere. China’s market regulator recently … ( read original story…
Big blow to investments in China: Jack Ma episode has made global investors jittery
New Delhi: The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. At a time when several foreign companies ……
Jack Ma’s Ugly Face-Off With Prez Xi Making Global Investors Jittery About China
The ugly face-off between Chinese President Xi Jinping and billionaire entrepreneur Jack Ma is set to deal a big blow to investments in the country. ( read original story …)
