June 11, 2021
China’s eCurrency Can Be Stored In Digital Or Physical Wallets
Speaking at the 13th annual Lujiazui Forum in Shanghai, Mu Changchun said that the state-backed digital yuan can be stored in a variety of wallets — digital, physical, personal, or...
June 09, 2021
Alibaba Pushes Into Growing Livestreaming Trend
Among a host of announcements pertaining to its expanding menu of cloud computing products on Tuesday (June 8), Alibaba pushed further into the rapidly expanding world of eCommerce livestreaming with...
June 09, 2021
Shopflix Taps Into Livestreaming eCommerce Trend With New Platform
As retailers and brands are turning to new channels like livestreaming to sell and highlight products, video-streaming network Shopflix rolled out on Wednesday (June 9), according to an announcement. Shopflix...
June 08, 2021
Alibaba Goes Up Against Amazon With Livestream Shopping
Chinese-headquartered eCommerce giant Alibaba is going up against Amazon, offering new cloud computing services and livestream shopping as it looks to expand across Asia, CNBC reported on Tuesday (June 8). Alibaba’s new...
June 04, 2021
Google, Alibaba, Ant Group Seek Payment Licenses In Singapore
Is Singapore poised to become Asia’s Silicon Valley? It might, if Sopnendu Mohanty, the Monetary Authority of Singapore’s (MAS) chief FinTech officer, has anything to say about it. Speaking to...
May 30, 2021
China’s Antitrust Watchdog Fines Alibaba-Backed Nice Tuan
The Chinese community group-buying app Nice Tuan, backed by the ecommerce giant Alibaba, was handed a 1.5 million yuan (US$235,000) fine by China’s market regulator for failing to take action...
May 28, 2021
Tata Secures Majority Stake In Indian Online Grocer BigBasket
India’s Tata Sons has acquired a majority stake in online grocery retailer BigBasket. As Reuters reported Friday (May 28), this move puts the firm the same arena as Amazon, Walmart’s...
May 24, 2021
Why The Bring It To Me Economy Now Includes Financial...
The typical guiding principle behind banking has been “by the bank, for the bank” — where financial institutions (FIs) have focused on selling products rather than building customer experiences. It’s...
May 20, 2021
Tencent Ups Spending To Compete With Alibaba
China’s Tencent Holdings said on Thursday, May 20, that it wants to put a greater portion of this year’s incremental profits into sectors that include games, short-form video and cloud services. As Bloomberg...
