Archive

IFC and Alipay Announce 10×1000 Tech for Emerging Market Inclusion Programme

International Financial Corporation, a member of the World Bank Group, and Ant Financial,  the operator of Alipay, jointly announced the 10×1000 Tech for Inclusion programme at the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group.

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Is Chinese Alibaba Group Going To Acquire Alibabacoin?

Alibabacoin Foundation and China’s Alibaba Holding Group is having a dispute over trademark licenses in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba

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Blockchain Startup Enters China’s Developing Chengdu Region

Blockchain-based startup SophiaTX establishes a presence in Chengdu, which is said to be one of the fastest growing cities in China. Chengdu has been described as one of the hot new startup hubs to emerge since 2017, thanks to rapid economic

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Open Banking Hong Kong — How Open is Open?

Following the rollout of Open Banking regulations in the UK and the launch this year of the EU’s Payment Services Directive 2 (PSD2), countries across the Asia-Pacific region are following suit to establish their own frameworks to enable banks to

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China E-Commerce Industry Enters “New Retail” Era

The Chinese retail industry is entering a “new retail” era, characterized by the widespread use of technologies such as artificial intelligence (AI) and big data to digitalize the entire value chain, according to PwC. China is the world’s biggest consumer

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CLSA Launches Accelerator for Fintech Startups in Hong Kong

CLSA, capital markets and investment group in Asia launches AlphaLabs to provide early investing or help in developing early-stage fintech startups they deem disruptive. CLSA is affiliated with China’s CITIC Group, a state-owned investment company. This decision comes from CLSA’s three-decade experience

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Chinese Personal Finance Fintech Sponsors NBA China

X Financial and NBA China announced today a multi-year marketing partnership that makes the company an official marketing partner of NBA China. X Financial is a leading technology-driven personal finance company in China, and it is NBA China’s first time cooperating with a company

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DATE 2018 Showcases Latest Innovations in E-Commerce and Fintech

This year’s Discover Advanced Trends in E-Commerce Expo (DATE) event, which was held last month in Taipei, showcased the latest innovations in e-commerce and fintech and gathered some of the world’s key players on the global scene. Organized by the

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Kakao’s Ground X Unveils Its Blockchain Platform Klaytn

Ground X, the blockchain subsidiary Kakao, often likened to the Korean version of WeChat; has announced the launch of the Testnet version of Klaytn. This move follows the trend of messaging apps going into blockchain with companies like Line launching it’s

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Alibabacoin Foundation Announces New Goal of Collaboration With Shopping Malls

Alibabacoin Foundation announced that Alibabacoin (ABBC) can be used in large internet shopping malls around the world. Jason Daniel Paul Philip, CEO of Alibabacoin Foundation, who gained more trust and beliefs from more users by keeping promises to users by

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