PBOC has introduced regulation for QR code payments. It may be good news for the fast-growing market.
In 2014, Alipay had the mobile payment industry at its feet. Tencent’s WeChat Pay changed all that. Alipay was suddenly in a battle for survival.
Alibaba and Ant Financial are making aggressive entry into ASEAN market; there is still much to be done before they dominate the overseas market.
Alibaba has introduced the “new retail” concept in China through its Hema supermarkets. At this initial stage of development, Alibaba seems to benefit more than its consumers.
China proposed the construction of a Y-shaped China-Myanmar Economic Corridor. The plan will deepen the bilateral cooperation between China and Myanmar.
The competition between Chinese e-commerce giants Alibaba and JD.com has been on for years. Will this be a win-win game?
Wuhan Huantou and Bluegogo has exited the bike-sharing scene. Many did not expect the rapid withdrawal of these bike-sharing giants.
WeChat will be charging for its credit card payment service. It is likely that users will move to other free platforms in the future.
China is easing foreign investment restrictions in its financial market. Will foreign investors take the bait?
Duterte celebrated the success of the 2017 ASEAN Summit. He believes ASEAN are closer to a solution in the South China Sea. The reality is quite different.