INSIGHTS | Facebook’s digital dollar or China’s webminbi?

Imgae credit: BigStock/World Image With Facebook announcing Libra, some central banks have felt the pressure to start…


WeChat Pay links credit scoring system with ride-hailing apps

Traffic in the capital city of Beijing, China. (Image credit: Flickr/Remko Tanis) WeChat Pay is integrating its credit…


Bitmain to launch platform linking hardware owners with mining farms

Chinese mining chip maker Bitmain announced a new mining platform, World Digital Mining Map (WDMM), to facilitate…


Ant Financial deepens partnership with blockchain project Hyperledger

Geoff Jiang, vice president and general manager of Ant Financial's Intelligent Technology Group at the Apsara…


No timetable for the launch of China's digital currency: PBOC governor

People's Bank of China headquarters in Beijing. (Image credit: Wikimedia Commons/Yongxinge) There is no timetable for…


Alibaba gains 33% of Ant Financial in conclusion of spinoff deal

Chinese e-commerce giant Alibaba has received a 33% equity interest in its fintech affiliate Ant Financial, closing a…


Chinese yuan excluded from Facebook's Libra currency basket: report

(Image credit: Facebook) Social media giant Facebook has revealed which currencies will underpin its much-hyped digital…


China's fiat digital currency will not launch in November: PBOC

(Image credit: Piyao) The central bank-issued digital currency will not be ready in November as widely speculated, the…


Beijing, Shanghai lead in global fintech ranking: survey

A border bridge connecting Hong Kong and Shenzhen. (Image credit: Bigstock/Askarim) Beijing and Shanghai top the list…


Tencent, Alibaba refuse to disclose user data to state-backed credit company

The People’s Bank of China headquarters in Beijing. (Image credit: Wikimedia Commons/Yongxinge) Tencent and Alibaba are…