While there is still much in the way of debate in the U.S. and the rest of the developed West about the shape of things to come with the mobile and digital payments revolution that remains in nascent stages, on the other side of the...
China’s latest economic data are expected to show retail sales growth was unchanged last month, and factory output and investment decreased slightly for a second month. According to Bloomberg, the data should reinforce expectations that economic growth will slow in coming months from the first...
While healthcare availability is a topic of great debate in the United States, the quality of healthcare on offer is generally not. So when Chinese citizen Guo Shushi’s stomach cancer was incurable in China and quickly killing him — Guo, with the help of a...
Mounting debt and a potentially slowing economy have pushed Moody’s to downgrade China’s bond rating for the first time in 30 years. China’s credit rating has officially taking a one-notch hit in long-term local and foreign currency issuer ratings, to A1 from Aa3. “The downgrade reflects...
Tencent is starting to grab up marketshare from hitherto dominant force Alibaba and its associated Alipay service. The Chinese mobile payments market is worth an estimated $5.5 trillion annually. Alipay is still the majority player with its PayPal-esque service, with 54 percent marketshare as of...
From the point of view of a consumer in Myanmar, there is little difference between carrying a Visa and a UnionPay card — which is likely why the small Southeast Asian nation is “ground zero” for UnionPay’s attempts at expansion outside of China’s borders. Only...
Two laptops containing the personal information of Hong Kong’s 3.7 million registered voters have been stolen. A statement released by the Hong Kong Electoral Office confirmed the stolen data included names, addresses and identity card numbers of voters. According to reports, the laptops were lifted out...
As small digital lending startups have recently began flourishing across China, government officials are getting ready to exert just a bit more control over them. This crackdown follows a similar move made in recent months to bring more regulatory oversight to P2P lending in China....
Internationally sanctioned North Korean banks have now been banned by Swift — meaning said banks are now barred from using the global financial messaging service, according to a statement from the Belgium-based Society for Worldwide Interbank Financial Telecommunication. The ban comes as Belgian authorities informed Swift...
