Draft rules from the China Banking and Insurance Regulatory Commission (CBIRC) show that the regulator will relax at least some ownership rules for foreign banks....
Daimler Mobility Services and Geely Group Company, Geely Holding Group’s new business entity, announced Wednesday (Oct. 24) the creation of a high-end ride-hailing joint venture...
After starting out as an occasion celebrated by university students, China’s Alibaba helped popularize the country’s Singles Day as a retail shopping event. This year,...
SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore, Thailand and Australia....
Apple’s chief executive Tim Cook is calling for Bloomberg to retract a story that claimed the company was the victim of an attack on its...
To take advantage of its warehouse and driver network, JD.com plans to add a parcel delivery service to its lineup. The offering would let individuals...
Faced with growth that is slowing, increasing debt and a trade war with the U.S., the economy in China is starting to feel the impact....
Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest developments in fraud, along with...