Fintech

Central Banks the World Over Are Mulling Digital Fiat Currencies

Central Banks the World Over Are Mulling Digital Fiat Currencies

Central bank executives and cryptocurrency experts from a range of nations are looking into the possibility of a digital fiat coin to tame drastic price fluctuations and avert money lost to hackers.

Aug 6, 2018
Duan Siyu
China’s Blockchain Salaries Soar as Surging Sector Suffers Staffing Shortfalls

China’s Blockchain Salaries Soar as Surging Sector Suffers Staffing Shortfalls

Its popularity has caused companies to mushroom in the blockchain technology sector, making the problem of talent shortage in this…

Jul 26, 2018
Liu Jing &Tang Shihua
Alipay, Tenpay to Fork Out Fines for Sketchy Forex Practices

Alipay, Tenpay to Fork Out Fines for Sketchy Forex Practices

China’s foreign exchange regulator has fined the firms behind the country’s two biggest payment platforms, Alipay and Tenpay, for irregularities in cross-border transactions.

Jul 25, 2018
Xu Wei
China’s Fintech Centers Are World Class, UK Trade Official Says

China’s Fintech Centers Are World Class, UK Trade Official Says

Rapid technological development has transformed the Chinese cities of Shanghai, Hangzhou and Shenzhen into innovation hubs for financial technology on…

Jul 23, 2018
Chen Juan & Liu Jing
Sichuan Floods Cost Bitcoin Miners Hundreds of Millions of Dollars

Sichuan Floods Cost Bitcoin Miners Hundreds of Millions of Dollars

The operators of some five million bitcoin mining operations located in Sichuan have been left counting their losses after floods…

Jul 20, 2018
Liao Shumin
China Takes Rules for Online P2P Lending Back to the Drawing Board, Sources Say

China Takes Rules for Online P2P Lending Back to the Drawing Board, Sources Say

China's financial regulator is considering new rules for peer-to-peer lending platforms to lower the risk of defaults, an insider source close to the regulator says.

Jul 18, 2018
Song Yikang & Du Chuan
Chinese Cops Seize Ringleaders, Cryptos Involved in Soccer Gambling

Chinese Cops Seize Ringleaders, Cryptos Involved in Soccer Gambling

Police in China have cracked a case of online soccer gambling that involved virtual currencies as gangs resort to new tools furnished by advances in the fintech sector.

Jul 12, 2018
Tang Shihua
Ant Financial Eyes Growing Cashless Payment Market in South America

Ant Financial Eyes Growing Cashless Payment Market in South America

Ant Financial Services Group, the world’s largest fintech company, aims to capitalize on the growing use of mobile payments in…

Jul 11, 2018
Xu Zuwei
Cryptocurrencies Cause No More Risks to China's Economy, Blockchain Advisor Says

Cryptocurrencies Cause No More Risks to China's Economy, Blockchain Advisor Says

Cryptocurrencies Cause No More Risks to China's Economy, Blockchain Advisor Says. The volatility brought by cryptocurrency trading platforms, such as…

Jul 6, 2018
Sohu’s Fintech Arm Sets Up Blockchain Lab to Offer P2P Lending

Sohu’s Fintech Arm Sets Up Blockchain Lab to Offer P2P Lending

Sohu’s Fintech Arm Sets Up Blockchain Lab to Offer P2P Lending

Jul 5, 2018
Dou Shicong
Tencent-Backed Social Retailer Files for USD1 Billion IPO

Tencent-Backed Social Retailer Files for USD1 Billion IPO

Pinduoduo, the leading Chinese social e-commerce app that boasts Tencent Holdings as a major shareholder, aims to raise at least…

Jul 2, 2018
Xu Wei
German Department Store Chain Offers Alipay, WeChat Pay for Chinese Tourists

German Department Store Chain Offers Alipay, WeChat Pay for Chinese Tourists

Major German upscale department store chain Breuninger aims to capitalize on increasing numbers of Chinese tourists to Europe by allowing…

Jul 2, 2018
Xu Wei

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