Alibaba's Ant Financial buys MoneyGram for $880m

Ant Financial has a big market share in the online payments industry in China. The acquisition could help the company extend the lead as well as expand overseas, as competition is growing in China with rival Tencent's WeChat payment system. US-listed ... ( read original story ...)

Alibaba's Ant Financial in overseas push with MoneyGram deal

"I expect to see the ever increasing convergence of fintech and the more traditional financial services sector." REMITTANCES 'A REALLY INTERESTING BRIDGE' China's financial technology companies are on the rise, boosted by rapid digitization and the rise of ... ( read original story ...)

China's shadow banking crusade risks bond market crash

SHANGHAI (Reuters) - China's campaign to cut high debt levels in its economy is aiming this year to shrink the $3 trillion shadow banking sector, which could drain a critical source of income for the country's banks and of funding for its fragile bond market. ( read original story ...)

Smog pushes Beijing residents to innovate for the world

Beijing residents concerned about breathing the capital's thick grey air are adapting, inventing and even creating businesses to protect the health of their families and others. Some of their efforts could help people around the world. Already this year ... ( read original story ...)

Qantas goes back to Beijing

Qantas has recommenced daily flights from Sydney to Beijing, eight years after scrapping the route because of the global financial crisis, as the airline seeks to lift its share of the lucrative Chinese travel market. Qantas chief executive Alan Joyce said ... ( read original story ...)

Apple sues Qualcomm in Beijing seeking 1 billion yuan

WASHINGTON (Reuters) - Apple Inc filed a lawsuit against Qualcomm Inc in Beijing, alleging that the chip supplier abused its clout in the chip industry and seeking 1 billion yuan (115.22 million pounds) in damages, Beijing's Intellectual Property Court ... ( read original story ...)