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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
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Tencent Is Bringing Content Creators to WeChat to Challenge TikTok's Dominance
WeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned by Jack Ma-founded Ant Group. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company.
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China Pushes CBDC as ‘Good Luck’ Gifts Ahead of New Year Celebrations
The Chinese authorities have introduced a feature for existing CBDC users that would enable them to send money to their friends and family as ‘red packets’. China’s dedicated app for the e-CNY CBDC, will let users send red packet to one person at a time.
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Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
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China To Target Biggest Payment App Alipay In Tech Crackdown: Report
Chinese regulators have ordered sweeping changes to the country's biggest payment app Alipay, as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants.
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TikTok-Parent ByteDance Says It Will Downsize Fintech Business, Plans to Sell Stock Broker Operations
ByteDance, the owner of TikTok, said that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the financial technology sector.
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TikTok US Ruling: Biden Administration Asks Courts to Dismiss Government Appeals
The Biden administration asked two federal appeals courts to dismiss the Justice Department's legal challenges to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-sharing app TikTok.
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Nokia 105 4G Price Revealed Through E-Commerce Listings After Launch
Nokia 105 4G price has been revealed. The Nokia phone was unveiled globally earlier this month but pricing and availability details had not been revealed at the time.
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Ant Group Highlights Distinction Between NFTs and Cryptocurrencies
Ant Group sought to draw a distinction between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.
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Cryptocurrency Trading Faces Strict Crackdown in China as Beijing Doubles Down on Rooting Out Digital Coins
China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
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Bitcoin Steadies in Asia Trading After Monday's Plunge Following China Crackdown
Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
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Chinese Apps Said to Face Subpoenas or Bans Under US President Joe Biden’s Order
US President Joe Biden's executive order aimed at safeguarding Americans' sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the US market, according to people familiar with the matter.
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Alibaba’s Taobao, Tencent’s WeChat Pay, More Chinese Tech Giants Face New Anti-Monopoly Guidelines
China's market regulator released new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country's tech giants.
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TikTok Parent ByteDance Launches Douyin Pay Mobile Payment Service in China
ByteDance launched its third-party payment service for the Chinese version of its hit short video app TikTok, Douyin Pay, as it presses to expand into the e-commerce business in China.
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Chinese Regulators Said to Push Tech Giants Including Tencent, Ant Group to Share Consumer Credit Data
China could push tech giants including Tencent, JD.com, and Ant Group to share their customers’ loan data with them to prevent excess borrowing and fraud, two people with knowledge of the matter said.
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Chinese Group Alipay Said to Have Sold 3.4 Percent Stake in Zomato
Chinese payments group Alipay plans to sell its 3.4 percent stake in Indian food delivery giant Zomato for nearly $400 million (nearly Rs. 3,333 crore) through block deals on Indian stock exchanges, according to three sources and a Reuters review of the deal's term sheet. Alipay, owned by Ant Group, will offload its entire 3.44 percent stake in the...
-
Tencent Is Bringing Content Creators to WeChat to Challenge TikTok's Dominance
WeChat Pay became the second-biggest player in China's mobile payment market within a year of its 2013 launch, behind Alipay which is owned by Jack Ma-founded Ant Group. Two sources familiar with Tencent said the importance of Channels has been repeatedly communicated within the company.
-
China Pushes CBDC as ‘Good Luck’ Gifts Ahead of New Year Celebrations
The Chinese authorities have introduced a feature for existing CBDC users that would enable them to send money to their friends and family as ‘red packets’. China’s dedicated app for the e-CNY CBDC, will let users send red packet to one person at a time.
-
Alipay, China's Biggest Payment App, Said to Be Target of Fresh Regulatory Scrutiny
Alipay has been ordered by Chinese regulators to undergo sweeping changes as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants. According to a Financial Times report citing a person familiar with the matter, the country’s largest payments app has been told to spinoff its profitable microloan business.
-
China To Target Biggest Payment App Alipay In Tech Crackdown: Report
Chinese regulators have ordered sweeping changes to the country's biggest payment app Alipay, as the ruling Communist Party attempts to rein in "the unruly growth" of the tech giants.
-
TikTok-Parent ByteDance Says It Will Downsize Fintech Business, Plans to Sell Stock Broker Operations
ByteDance, the owner of TikTok, said that it would shrink its financial services unit and that it planned to sell its stock broking operations amid China's tightening grip on the financial technology sector.
-
TikTok US Ruling: Biden Administration Asks Courts to Dismiss Government Appeals
The Biden administration asked two federal appeals courts to dismiss the Justice Department's legal challenges to court rulings that barred a Trump-era effort to ban new downloads of Chinese-owned video-sharing app TikTok.
-
Nokia 105 4G Price Revealed Through E-Commerce Listings After Launch
Nokia 105 4G price has been revealed. The Nokia phone was unveiled globally earlier this month but pricing and availability details had not been revealed at the time.
-
Ant Group Highlights Distinction Between NFTs and Cryptocurrencies
Ant Group sought to draw a distinction between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.
-
Cryptocurrency Trading Faces Strict Crackdown in China as Beijing Doubles Down on Rooting Out Digital Coins
China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.
-
Bitcoin Steadies in Asia Trading After Monday's Plunge Following China Crackdown
Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.
-
Chinese Apps Said to Face Subpoenas or Bans Under US President Joe Biden’s Order
US President Joe Biden's executive order aimed at safeguarding Americans' sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the US market, according to people familiar with the matter.
-
Alibaba’s Taobao, Tencent’s WeChat Pay, More Chinese Tech Giants Face New Anti-Monopoly Guidelines
China's market regulator released new anti-monopoly guidelines on Sunday that target internet platforms, tightening existing restrictions faced by the country's tech giants.
-
TikTok Parent ByteDance Launches Douyin Pay Mobile Payment Service in China
ByteDance launched its third-party payment service for the Chinese version of its hit short video app TikTok, Douyin Pay, as it presses to expand into the e-commerce business in China.
-
Chinese Regulators Said to Push Tech Giants Including Tencent, Ant Group to Share Consumer Credit Data
China could push tech giants including Tencent, JD.com, and Ant Group to share their customers’ loan data with them to prevent excess borrowing and fraud, two people with knowledge of the matter said.
