China

What Retailers Can Learn From China’s Cashless Society

What Retailers Can Learn From China’s Cashless Society

Mobile payments have become ubiquitous in the everyday lives of Chinese consumers, with transaction volumes reaching an astounding as 9.8 trillion pounds.

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Is China About to Launch Its Own Cryptocurrency?

Is China About to Launch Its Own Cryptocurrency?

The US’ aggressive trade policies could be accelerating China’s efforts to digitalize its currency – a move that would likely have far-reaching consequences for the world. The world first moved to paper money from gold and silver more than 1,000 years ago during China’s Song Dynasty.

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The Success Story of the Fintech Revolution in China

The Success Story of the Fintech Revolution in China

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75 of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party payment segments.

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Alibaba Leads China’s Drive to Secure New Blockchain Technologies

Alibaba Leads China’s Drive to Secure New Blockchain Technologies

Alibaba Group Holding has filed more than 10 per cent of the world’s patent applications for blockchain in a sign of China’s ambitions to dominate the next generation technology in uses beyond cryptocurrencies. China filed more patent applications than the U.S.

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As Regulators Circle, China’s Fintech Giants Put the Emphasis on Tech

As Regulators Circle, China’s Fintech Giants Put the Emphasis on Tech

FOR those still trying to work out what exactly fintech involves, we are sorry to bring you this update from China, a world leader in mixing finance with technology. Fintech is pass; the hot new thing is techfin.

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Cryptocurrency Traders in China Find Ways to Get Around State Regulators

Cryptocurrency Traders in China Find Ways to Get Around State Regulators

Industry observers are certain that Chinese investors will always find ways to circumvent increasingly tightening controls over cryptocurrency trading by mainland authorities, making it practically impossible to ever impose a complete shutdown on trading.

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China Shows Road for Blockchain Beyond Cryptos?

China Shows Road for Blockchain Beyond Cryptos?

A journey of a thousand miles begins with a single step: The well-worn proverb may apply to China’s approach to blockchain. Steps make strides, strides make progress in payments and business – and how firms do business with one another. It’s no secret that China has been wrestling with cryptocurrencies.

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How the Shift in Retail Drives Card Adoption in China

How the Shift in Retail Drives Card Adoption in China

Nearly one-third of total retailing in China is expected to come from online channels by 2022, marking a nine-percentage point gain from 2017. This shift has resulted in several non-traditional financial service providers gaining share by reaching previously unbanked consumers through mobile devices and online marketplaces.

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China Is Serious About Cracking Down on Cryptocurrency

China Is Serious About Cracking Down on Cryptocurrency

More than 120 offshore cryptocurrency exchanges have been blocked by Chinese authorities, the South China Morning Post reports.The exact reasoning is not entirely clear the central bank didnt respond to calls from SCMP reporters though some speculate that the crackdown is a response to increasing financial risk and instability.

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China Social Media Giant Blocks Crypto Media Accounts

China Social Media Giant Blocks Crypto Media Accounts

WeChat, the 1 billion-user Chinese social media platform developed by Tencent, has reportedly blocked a number of crypto and blockchain related accounts, local financial news outlet Lanjinger reported August 21.

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Ripple Targets China for Blockchain-Based Cross-Border Transaction

Ripple Targets China for Blockchain-Based Cross-Border Transaction

Jeremy Light, the European Union strategic accounts’ Vice President at Ripple has expressed the company’s interest in the Chinese market. In an interview with CNBC, Light has stated that China interests Ripple since it can provide assistance to the nation for speed enhancement of cross border payment based on blockchain technology.

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Bank of China to Raise Fintech Spending, Pursue Blockchain Projects

Bank of China to Raise Fintech Spending, Pursue Blockchain Projects

The Bank of China’s chief information officer recently shared details on the bank’s blockchain efforts as he unveiled plans to boost fintech spending, according to local news reports.

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