WeChat Pay to debut installment payment credit service in Q4: report

Tencent is incubating a new consumer financing product tentatively called "Fen Fu" that allows approved WeChat users…


Police raid Chinese blockchain project GXChain

(Image credit: Bigstock/ivaleksey) Chinese cryptocurrency project GXChain has halted operations after police raided and…


Deepfakes are not a threat to facial payments, for now

WeChat facial recognition payment. (Image credit: TechNode/Shi Jiayi) A new Chinese app allowing users to implant their…


Huobi founder named CEO of Hong Kong-listed electronics maker Pantronics

(Image credit: Huobi Group) Huobi Group founder Leon Li has been named CEO, chairman of the board, and executive…


JD.com, Thai retail giant Central Group launch financial services app in Thailand

China's second-largest online retailer JD.com along with Thai mall operator Central Group launched a new financial…


Sneakerheads are China’s latest set of unlikely blockchain users

Shan Jichao, a 28-year-old sneakerhead, posing with his favorite pair. (Image credit: Shan Jichao) Collecting sneakers…


Tether beats China to the punch, releases yuan-pegged stablecoin

Hong Kong-based cryptocurrency company Tether announced on Monday that it has launched its Chinese yuan-pegged…


China's cloud market to drive surging energy consumption through 2023: study

(Image credit: Pexels/Brett Sayles) Electricity consumption from China’s data center industry is projected to surge 66%…


Central bank-issued digital currency will resemble Facebook's Libra: official

China’s new digital currency will "bear many similarities" to Facebook’s Libra and be used across Chinese mobile…


Central bank to include troubled P2P lending industry in credit system

The People’s Bank of China headquarters in Beijing. (Image credit: Wikimedia Commons/Yongxinge) China's central bank…