China-based Tencent Holdings saw its stock plunge so sharply that the company lost $62 billion in value. The loss in valuation, which occurred in Friday (March 12) and Monday (March 15) stock trading, may have wiped out most of the value of its online finance...
China’s post-pandemic economy is showing signs of dramatic recovery for the first two months of this year, with key indicators up after a full year of coping with the devastating effects of COVID-19. Get the Full Story Complete the form to unlock this article and...
China, as it sees the effects of the pandemic recede, has begun wrapping up its pandemic economic stimulus efforts, the Wall Street Journal (WSJ) writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
This year found many of the world’s young people living their lives online in ways they might never have dreamed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Increased regulatory scrutiny has prompted the CEO of China’s Ant Group to step down and also spurred the company to develop financial self-discipline rules, Reuters reported on Friday (March 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In today’s top payments news around the world, Coupang filed an initial public offering (IPO) in the United States, while Axis Bank in India is launching wearable technology for contactless payments. Plus, Flutterwave has raised $170 million in a Series C funding round. Get the...
Switzerland’s Credit Suisse had to freeze four Luxembourg-based funds that invested $10 billion in supply chain finance, adding to the fallout from the collapse of London startup Greensill Capital, Reuters reported on Thursday (March 11). Get the Full Story Complete the form to unlock this article...
Chinese regulators are mulling a record antitrust fine against Alibaba that would surpass the $975 million levied against Qualcomm in 2015, The Wall Street Journal reported on Thursday (March 11), citing sources. Get the Full Story Complete the form to unlock this article and enjoy...
Cross-border commerce has become central to the success of countless United States and United Kingdom businesses, many of which are looking abroad for new growth opportunities. PYMNTS’ latest research shows that cross-border sales make up 26 percent of the total annual average for U.S. and...