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CHINESE PAYMENT GIANTS
This day in history, May 30: From Joan of Arc's execution to the first Indy 500, women's pro baseball league debut and Mariner 9's launch to MarsThis day in history, May 30, has witnessed some of the world's most significant political, military, scientific and cultural developments. ...- China's Tencent to allow PayPal payments through its WeChat networksChinese tech giant Tencent is enabling PayPal users to pay with QR codes across China through its WeChat Pay network. This move aims to att...
- US CEOs seek China business gains from Trump-Xi summitAmerican business leaders are heading to China for a summit with President Xi Jinping. They aim to resolve ongoing business challenges and ...
- The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globallyChina is rapidly adopting artificial intelligence tools. Ordinary citizens and businesses are using AI for daily tasks and work. Chinese co...
- After Google, Chinese regulators consider investigation into Apple’s app store policiesThe allegations against Apple have been a matter of discussion between the company and Chinese regulators since last year. But US President...
- China's troubled $137 billion shadow bank plans debt restructuring, taps KPMGZhongzhi Enterprise Group Co. hired KPMG in late July to review its balance sheet amid a worsening liquidity crunch, said the people, askin...
- Chinese trust firm clients say wealth product payout delayedKBC, a carbon products manufacturer, said in a statement with the Shanghai Stock Exchange that the delayed payments were tied to 60 million...
- TikTok in talks to gain Indonesian payments licenceThe news follows an announcement by TikTok CEO Shou Zi Chew in June that the short video platform would invest billions of dollars in Indon...
- Chinese payment giants Alipay and Tenpay fined for rule breachesAnt Group's Alipay was slapped with a fine of 3.01 billion yuan ($416 million) while Tencent Holdings Ltd's Tenpay was fined 2.99 billion y...
- Chinese payment giants Tencent and Ant revive effort to accept foreign credit cardsTencent, operator of the popular chat app WeChat and payment network WeChat Pay, said on Wednesday that WeChat users overseas can link cred...
- Tech giants accuse Indian authorities of ignorance in Xiaomi spatIndia’s anti-money-laundering agency is accusing Xiaomi of moving money out of the country by falsely claiming it was for patent-fee paymen...
- China's Evergrande shares soar 20% in Frankfurt as unit to make coupon paymentEvergrande’s main unit Hengda Real Estate Group will make coupon payment on onshore bonds after successful private negotiations with bond h...
- PayPal becomes first foreign firm in China with full ownership of payments businessPayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government ...
- China orders Ant Group to return to online payment rootsChina's central bank summoned Ant executives over the weekend and demanded the company "strictly rectify" its lending, insurance and wealth...
- Trump administration to consider adding China's Ant Group to trade blacklist: SourcesThe move comes as China hardliners in the Trump administration are seeking to send a message to deter U.S. investors from taking part in th...
- Ant Financial gets rights for biggest pie in ZomatoThe agreement is a part of Ant Financial’s $200 million investment in Zomato in February, as per its updated Articles of Association.
- Alibaba market value tumbles $30 billion after margins declineShares fell 5.9 per cent in New York trading, the sharpest decline since June 2016.
- Paytm to transfer wallet business to payments bankPaytm recently came under public scrutiny as the debate on demonetisation and increase in wallet signups brought to fore claims of Chinese ...
- Foxconn stops payments to suicide workers' familiesTaiwan's IT giant Foxconn said on Thursday it has stopped offering condolence payments to the families of staff members who kill themselves...
- PayPal to tie up with Chinese partnerChina's top provider of electronic payment services will tie up with online payment platform PayPal, the two companies said, in a move that...
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