It’s the unforeseen events that send economies into rough patches, toward slowing growth and even into decline. And while we’re not speculating that an economy that grows 6 percent a year should suddenly find itself in the red, in China, the recent spreading of the coronavirus...
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in a bucolic Swiss mountaintop city named Davos. There in Davos, bankers, financiers, technologists, legislators, regulators...
In 2019, Chinese consumers spent $149 billion across the Chinese New Year holiday, according to China’s Ministry of Commerce — a sum widely expected to be exceeded in 2020 to the tune of $156 billion. It is among the reasons why the holiday is most...
Less than a month ago, the outbreak of a new virus in the city of Wuhan centered on a cluster of consumers who had been exposed to live animals at a local food market. The virus has since been classified as a coronavirus — a...
January 24, 2020
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in a bucolic Swiss mountaintop city named Davos. There in Davos, bankers, financiers, technologists, legislators, regulators and thought leaders of all kinds — not to mention […]
January 24, 2020
In 2019, Chinese consumers spent $149 billion across the Chinese New Year holiday, according to China’s Ministry of Commerce — a sum widely expected to be exceeded in 2020 to...
February 02, 2020
The spread of the coronavirus has prompted Apple to shutter its corporate offices and 42 retail stores in mainland China through Feb. 9, Bloomberg reported on Saturday (Feb. 1). Apple said the decision was made with an “abundance of caution and based on the latest advice from leading health experts.” Apple’s online store will remain […]
February 16, 2018
WeChat Pay, the mobile payment arm of China’s WeChat, is running promotions to celebrate the Chinese Lunar New Year, also referred to as the Spring Festival. Mobile Payments Today reported...
February 19, 2016
While sales surrounding China’s Lunar New Year gave some retailers reason to celebrate, that was not the case for all of them. As a result, South China Morning Post reports,...
February 16, 2016
China is seeing a massive shift towards digital payments, with more consumers opting to send money digitally instead of stuffing cash in red envelopes. Since the introduction of digital red...
