Chinese tourists are traveling again, but reportedly aren’t spending like they did before the pandemic. There was a time when the retail world catered to...
China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and...
China is reportedly widening its ban on the use of Apple’s iPhone by government employees. According to a Friday (Dec. 15) report by Bloomberg News, an increasing...
Where’s the European Union when it comes to AI? It has the world’s second-largest GDP — $18.4 trillion in 2023. Its 448 million population is more than 100...
Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found...
A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to...
Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently...
TikTok is establishing a warehouse and fulfillment network to boost its eCommerce operations. As a report Tuesday (Nov. 7) by The Wall Street Journal (WSJ) noted, this move...
Chinese artificial intelligence (AI) startup 01.AI has reportedly reached unicorn status less than eight months after launching. The company, founded by computer scientist and Google/Microsoft veteran Kai-Fu Lee,...