On December 26, 2020, four Chinese financial regulators, including the central bank, summoned Ant Group for regulatory talks, ordering the…
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Though robo-advisors are relatively new in China, they are rapidly rising in popularity, with now roughly 38% of adult Internet…
Mastercard was granted preparatory approval from the People’s Bank of China (PBOC) to begin setting up a domestic bankcard clearing…
In the midst of the global health crisis involving the novel coronavirus (2019 nCoV), China’s bigtechs including Tencent and Ant…
Amid growing adoption of facial recognition payments, the Payment & Clearing Association of China has released self-discipline guidelines aimed at…
Technology is transforming the banking and financial services industry and this is just the beginning. As the sector moves towards…
Blockchain has become a national priority for China both in the public and private sector. This is further accelerated thanks…
Every peer-to-peer (P2P) lending platforms in China must become small loan providers within two years, according to an official notice…
In 2013, ZhongAn was established as the first online-only insurance company in China. Since then, the insurance industry has undergone…
China’s appetite for blockchain has surged after Chinese president Xi Jinping proclaimed the technology as an “important breakthrough” and said…
Blockchain and cryptocurrencies have been all the rage these past years. Now even central banks are looking to launch their…
The People’s Bank of China (PBOC), the country’s central bank, has released a three-year fintech development plan that aims to…
Over the past years, China’s Internet giant Tencent has been expanding its strategic positioning in the insurance industry. The Chinese…
2019 has been undeniably the year of Chinese commercial banks/tech companies collaborations. Incumbents have been actively pursuing partnerships with tech…
China’s State Council and the Central Committee of the Communist Party of China have released a detailed plan for wide-ranging…
Self-driving cars have been touted that as the future of transportation by many, including the likes of Elon Musk who…
In July, Tencent’s super-app WeChat ran a trial that enabled passengers of two Spring Airlines flights between Shanghai and Chengdu…
As China emerges as a tech powerhouse, successful concepts from Chinese tech giants are being studied and replicated by Asian…
In China, platforms and services like Alibaba’s Alipay and Tencent’s WeChat Pay have brought facial recognition payments to online and…
The Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone or the Qianhai Special Economic Zone, is an experimental commercial development…