Tagged: china

Ant Group’s Privacy-Preserving Computation Framework Is Now Open Source

Ant Group recently announced that its “privacy-preserving” Computation Framework becomes open source, aiming “to make the technologies more accessible to global developers and speed up the Framework’s application in various scenarios.” The Framework is designed “to address pain points in multi-party collaboration on information flows.”… Read More

NFTs: Ant Group, Tencent Now Part of Efforts to Prohibit Crypto Transactions

As part of a self-discipline initiative, China’s leading technology companies have reportedly decided to enforce “real-name” authentication for NFT (or non-fungible token) buyers and also want to help users avoid secondary marketplaces The agreement (not legally binding at the moment) serves as confirmation from the… Read More

Worldline and China’s Weixin to Streamline International E-Commerce

Worldline [Euronext: WLN], which claims to be an international leader in payment services, is assisting its digital commerce customers with entering the fast-evolving Chinese markets. Over 1.38 million Chinese consumers currently order various items from other nations. As noted in the update, the key to… Read More

Till Payments Adds Alipay to Education Offering via Alipay+ Partnership

International payments Fintech, Till Payments recently announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, in order to integrate Alipay into its Education product offering while exploring the potential integration of other virtual payment methods offered by… Read More

ADDX, China Construction Bank to Partner on Chinese Offshore Investments

China Construction Bank (Chongqing and Singapore branches) and ADDX have entered a partnership “to help domestic investors in China participate in the country’s official offshore investment scheme.” The financial institutions announced the signing of a memorandum of understanding (MOU) that “paves the way for them… Read More

Debt Security Token Rich Glory Coin Available on Securitize

Rich Glory Coin, a digital security being issued to raise capital and expand the Dagang Oil Field in the Kongnan Block, is available on Securitize for accredited and institutional investors. The tokenized debt is seeking up to USD$ 25 million with a three-year term, paying… Read More

AI and Machine Learning VC Investment Slumped, but Retained Relatively “Resilient” Valuations: Report

AI and machine learning (ML) focused VC investment slumped in line or consistent with the market but retained “resilient valuations” as the market sorts through the fallout from the recent technology crash. As noted in an update shared by Pitchbook, funding “slumped 21.1% QoQ to… Read More

Legislation Introduced in US Senate Aiming to Halt Digital Yuan Usage in the US

A group of Republican US Senators has introduced legislation designed to knee-cap the digital yuan – a Central Bank Digital Currency (CBDC) that is already in use – albeit on a limited basis. Senators Tom Cotton, Marco Rubio, and Mike Braun have revealed the “Defending… Read More

Digital Transformation: QR Code Payments Increasingly being Adopted Globally, Research Report Reveals

In the United Kingdom, the general population has become “far more accustomed to the use of QR codes, with the requirement of NHS Test and Trace check-ins in public spaces,” according to an update from Juniper Research. The report from Juniper notes that this  method… Read More

AntChain Introduces Video Copy Detection Solution to Protect Creators from Copyright Infringement

AntChain, the “flagship” tech brand of Ant Group, recently launched a new video copy detection solution “to help make copyright protection technologies more efficient and accessible to content creators.” With the recently developed algorithms, AntChain’s new solution can “precisely identify and localize infringements in video… Read More

Ant Group Partners with Payments Platform 2C2P, Will Become Majority Shareholder

Ant Group, an offshoot of Alibaba and the owner of the largest payment platform in China – Alipay, has partnered with 2C2P – a global payments platform. Simultaneously it was announced that Ant Group will become the majority shareholder of 2C2P upon completion of the… Read More

China’s Greenland Financial Technology Partners with Singapore’s MetaVerse Green Exchange on Cross-Border Digital Carbon Credits, Crypto-Assets

Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a Fortune 500 company and one of Shanghai’s biggest state-backed enterprises focusing on real estate, infrastructure and finance, and the MetaVerse Green Exchange (MVGX), a digital green exchange licensed and regulated by the Monetary… Read More

People’s Bank of China Now Supporting “Controllable” Risks in Fintech Innovation in Alibaba Group’s Zhejiang-based Offices

Financial regulators in China, including the nation’s reserve bank, and the Zhejiang provincial government are reportedly supporting “controllable risks” in the country’s digital commerce hub in order to promote Fintech innovation. This, according to a government update reviewed by the SCMP. The People’s Bank of… Read More

China: WeiyangX Fintech Review

Shanghai Data Exchange Launches Recruitment Campaign in the Metaverse From March 7th to 14th, Shanghai Data Exchange (SDE) launched a recruitment campaign in a metaverse style, which was the first recruitment event since its establishment in November 2021. SDE is expected to recruit globally for… Read More

MoneyGram Penalized $8.25M for Lax Agent Supervision During Chinese Transfer Spike

MoneyGram has agreed to pay an $8.25 million fine related to its failure to properly monitor local storefronts’ transfer activity to China. The company confirmed today it agreed to the settlement with the New York Department of Financial Services through a consent order. The company… Read More

Zhejiang University International Business School Reviews Challenges of Fintech

Zhejiang University International Business School (ZIBS) has concluded the Fintech and Regulatory Innovation (FTRI) Program for its inaugural China cohort, according to a statement from the organizers. The school reports that this cohort was comprised of 34 executives and senior managers from Mastercard, Invesco Asia-Pacific,… Read More

VeChain Helps Launch Shanghai Association Standards for Blockchain Service Certification

VeChain developers note that the blockchain sector in Shanghai has enjoyed  “robust” and “fast-paced” development because of the city’s ongoing efforts and their willingness to embrace blockchain tech. To expedite the development of blockchain or distributed ledger tech (DLT)-powered services in Shanghai, the Shanghai Municipal… Read More

Fintech Qudian Receives Notice Regarding NYSE Continued Listing Standards

Qudian Inc. (NYSE: QD), a technology platform supporting the enhancement of the online consumer finance experience in China, recently announced that it has received a letter from the New York Stock Exchange (NYSE) dated February 7, 2022, informing the company that it is “below the… Read More

China to Account for 37% of Global Digital Commerce Payments by TX Value by 2026, Juniper Research Reports

Digital commerce is a major engine of the global economy. It experienced an economic upshift during the year 2020 as a consequence of the economic slowdown that accompanied the COVID-19 crisis. At the same time, the continued digitization of commercial and consumer transactions “contributed to… Read More

Remittances: Sber Introduces Fund Transfers to China by Using Phone Numbers

Sber has reportedly marketed money transfers to Alipay wallets in mainland China by using phone numbers. In order to make a remittance payment, users simply need to indicate the phone number and full name of the intended recipient via SberBank Online, and the funds will… Read More

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