The Federal Reserve released its long-awaited working paper on the benefits and risks of creating a U.S. central bank digital currency (CBDC) last week. In...
TikTok owner ByteDance is scaling back its investment operations in expectation that China will restrict the type of deal-making that has fueled the growth of...
China’s digital yuan trials captured $8.3 billion of the country’s payments market in the past six months and $13.68 billion in the past two years,...
Shopify and JD.com on Tuesday (Jan. 18) announced that they have created a strategic partnership that they say will make it easier for U.S. merchants...
Several Chinese cities cranked up their COVID-19 alert levels to high ahead of the Lunar New Year on Feb. 1, with the travel season related...
Nonfungible tokens (NFTs) are so hot, China can’t ignore them anymore. So, it’s building a more controllable platform for digital collectables. And only the digital...
The People’s Bank of China (PBOC) has published new rules designed to place a cap on bank’s commercial financing operations, while also bolstering risk management...
On Friday (Jan. 7), the People’s Bank of China released its Financial Science and Technology Plan for 2022-2025, which aims to support the growth of...
Most companies bank on their secret sauce setting them apart from the competition and bringing about customer loyalty. For technology giants, that secret sauce comes...