October 12, 2021
Brands, Tech Giants See International Opportunity in Streaming Commerce
The past year has seen an acceleration of shoppable videos and livestreams as retailers rush to meet home-based consumers — and as brands continue to explore the technology, it’s likely...
October 11, 2021
China Probes State Banks for ‘Political Deviations’
China’s president is taking a closer look at the connections between his country’s state banks and larger private-sector operators in an effort to clamp down on capitalist forces. That’s according...
October 08, 2021
BIS Conference: PBoC Boss Yi Gang Warns of More FinTech...
Enforcement against technology companies that engage in anti-competitive practices will remain an enforcement focus of the People’s Bank of China (PBoC), central bank governor Yi Gang said at the Regulating...
October 08, 2021
China Fines Delivery Giant Meituan For Breaking Antitrust Laws
China’s antitrust regulator has fined food delivery giant Meituan 3.4 billion yuan ($527.4 million) for abusing its dominant market position, the watchdog said on Friday, the latest penalty in Beijing’s clampdown on...
October 04, 2021
Ant Group, Tencent Give State-Owned UnionPay More Access to Mobile...
Alipay and WeChat Pay are giving state-owned bank card clearinghouse UnionPay even more access to their mobile payment ecosystems as China continues to push Big Tech companies to become more...
October 01, 2021
eCommerce Startup Merama Closes $225M Series B Round
The Latin American eCommerce startup Merama has raised $225 million in Series B funding, bringing the value of its direct-to-consumer (D2C) financing business to close to $850 million. As Business...
September 30, 2021
Today in B2B: Teampay Integrates with Microsoft Teams; Alibaba Helping...
Today in B2B payments, Alibaba introduces a new B2B services for Pakistani merchants, and Teampay makes history with its Microsoft Teams integration. Plus, Melio adds a western U.S. headquarters in...
September 29, 2021
Alibaba to Offer B2B Services to Pakistani Merchants
Alibaba.com will be allowing Pakistani sellers more opportunities to grow their businesses by providing several B2B services, PhoneWorld reported. The site plans to offer advertising, logistics, payments and daily operations....
September 28, 2021
Chinese Regulators Order Alibaba To Adopt Tencent’s WeChat Pay
In a push to even the playing field and stop monopolistic practices, Chinese regulators ordered Alibaba to adopt Tencent’s WeChat Pay on its platform, CNBC and other news outlets reported...
