China

Facebook Antitrust Case is “Bad Economic Policy” at a Time When Chinese Fintech Dominates the World

The US Federal Trade Commission (FTC) and 47 states are suing Facebook, accusing the social media giant of breaking antitrust law by acquiring companies that presented competitive threats and abusing its dominance in the digital landscape. But according to Peter

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KPMG Releases Annual Selection of China’s Top Fintech Companies

Consultancy firm KPMG has released its annual selection of China’s top fintech companies. This year, the China Fintech 50 report was extended to feature 100 companies to showcase the sector’s growth and fast-changing landscape. The 2020 China Fintech 50, which

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ConsenSys Partners China’s State-Backed Blockchain Network

ConsenSys, a global blockchain software company, announced a partnership with the Blockchain-based Service Network (BSN), China’s national blockchain infrastructure, to make blockchain more accessible for enterprises and government organisations. As part of the partnership, ConsenSys Quorum, an open-source protocol layer that

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Ant Group Ordered to Revamp Its Business As Beijing Pursues Crackdown on Tech Giants

On December 26, 2020, four Chinese financial regulators, including the central bank, summoned Ant Group for regulatory talks, ordering the fintech giant to “rectify” its regulatory violations and “return to its payment origins.” Pan Gongsheng, a deputy governor at the

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China’s 10 Most Valuable Fintech Companies

China’s ten most valuable fintech companies are worth a combined of nearly US$500 billion, according to a new report by Hurun Research Institute. The research platform recently released its list of the country’s most valuable fintech companies ranked by market

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CSCI Unveils its Bond Credit Rating and Trading Service at Hong Kong Fintech Week

China Securities Credit Investment a national comprehensive credit service organization, together with its subsidiaries that focus on overseas strategy and business development – China Securities Credit Technology and Pengyuan Credit Rating (Hong Kong) made its debut again at the global

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Robo-Advisors Poised for Growth in China

Though robo-advisors are relatively new in China, they are rapidly rising in popularity, with now roughly 38% of adult Internet users using automated, algorithm-driven financial planning services, according to 2020 survey from Kagan, a research division within S&P Global Market

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Ant Group Unveils Blockchain-Enabled Trading Platform for SMEs

Ant Group has unveiled Trusple, a blockchain based-platform powered by AntChain to help SMEs with cross-border trade. Trusple aims to make it easier and less costly for all participants, especially Small to Medium Enterprises (SMEs), to sell their products and

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Ant Group’s INCLUSION Fintech Conference Makes Its Debut in Shanghai

Ant Group, yesterday officially launched its much-talked about inaugural INCLUSION Fintech Conference both to a live audience and virtually. The first day of the conference began with a morning plenary session, followed by 17 forums in the afternoon and a

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Huawei Developer Conference: Product Launches, AppGallery Updates, and Other News

From September 10 to 12, 2020, Huawei Consumer Business Group (BG) held the annual Huawei Developer Conference. Themed HDC.Together, the event saw multiple announcements being made, including the launch of new products, as well as updates on the Huawei Mobile

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