Fintech

Ant Financial Taps Into Indonesia’s Vast Smartphone Market With Digital Wallet

Ant Financial Taps Into Indonesia’s Vast Smartphone Market With Digital Wallet

Ant Financial Services Group, the financial affiliate of China’s biggest e-commerce firm Alibaba Group Holding Ltd., has released an…

Mar 23, 2018
Tang Shihua
Encrypted Assets May Pose Challenges, Ex-PBOC Governor Zhou Warns G20

Encrypted Assets May Pose Challenges, Ex-PBOC Governor Zhou Warns G20

Encrypted assets may trigger a slew of challenges and problems of illegal transactions, money laundering and terrorist financing and even…

Mar 21, 2018
Liao Shumin
JD Finance Pairs With Digital China Information Service to Launch Financial Technology Services

JD Finance Pairs With Digital China Information Service to Launch Financial Technology Services

JD Finance, financial affiliate of China’s e-commerce heavyweight JD.Com Inc., and Guangdong information technology service provider Digital China Information Service…

Mar 20, 2018
Dou Shicong
Keda Group to Establish Blockchain Unit for Internet Marketing

Keda Group to Establish Blockchain Unit for Internet Marketing

Chinese real estate and media firm Keda Group Co. will branch out into blockchain with the establishment of a CNY20…

Mar 20, 2018
Dou Shicong
Qihoo 360 Controlling Shareholder Pledges All Shares to China Merchants Bank

Qihoo 360 Controlling Shareholder Pledges All Shares to China Merchants Bank

The controlling shareholder in leading Chinese internet security Qihoo 360 Technology Co. has pledged all of its company shares to China Merchants Bank, representing a 48.74 percent stake.

Mar 16, 2018
Liao Shumin
Alipay Expands to Four More Southeast Asian Countries Including Philippines and Cambodia

Alipay Expands to Four More Southeast Asian Countries Including Philippines and Cambodia

Ant Financial Services Group, the financial affiliate of Jack Ma’s Alibaba Group Holding Ltd., has launched its third-party payment app…

Mar 16, 2018
Liao Shumin
Supermarket Chain Turns to O2O App to Side Step Checkouts as China Goes Cashless

Supermarket Chain Turns to O2O App to Side Step Checkouts as China Goes Cashless

Renrenle Commercial Group Co., a Guangdong-based chain supermarket operator, has signed a cooperation agreement with Dmall Life Network Technology Co.,…

Mar 15, 2018
Dou Shicong
China Plans to Set Up Blockchain Technology Standardization Committee

China Plans to Set Up Blockchain Technology Standardization Committee

China’s ministry of industry and information technology has conducted a special research on setting up a national blockchain and distributed…

Mar 13, 2018
Liao Shumin
China Not in Hurry to Develop Digital Currency: Central Bank Governor

China Not in Hurry to Develop Digital Currency: Central Bank Governor

China is in no hurry in developing a digital currency, Zhou Xiaochuan, the country's central bank governor, said here Friday.

Mar 9, 2018
Xinhua
Suspected Hacking of Trading Platform Binance Causes Crypto Chaos

Suspected Hacking of Trading Platform Binance Causes Crypto Chaos

Binance, a trading platform founded by Zhao Changpeng, a digital currency investor, was suspected of being hacked yesterday. Many investors…

Mar 8, 2018
Dou Shicong
Average Salary in China’s Blockchain Sector Rose 11% Since Start of Year, Report Says

Average Salary in China’s Blockchain Sector Rose 11% Since Start of Year, Report Says

The average monthly salary for jobs in China’s fast-growing blockchain sector has reached CNY25,800 (USD4,077), up 11 percent since the start of the year, a recruitment report says.

Mar 7, 2018
Dou Shicong
Blockchain Portal Huoxing24.com Secures New Funding to Work With Developers

Blockchain Portal Huoxing24.com Secures New Funding to Work With Developers

The blockchain portal Huoxing24.com has raised CNY150 million (USD23.6 million) in A-round financing to introduce a new layout on its…

Mar 6, 2018
Liao Shumin

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