China is ramping up its scrutiny of the practice of community group buying, summoning some of the nation’s largest tech companies for discussions as part of an anti-monopoly push. Community group buying allows groups of people living in the same town or region to buy groceries and other items in bulk at a discounted rate, […]
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Gamers have mushroomed all over the world – or so it seems – especially amid the pandemic when many of us were looking to pass the time and stay entertained. In fact, a Statista Global Consumer Survey conducted in the United States with 4,169 respondents revealed that per week, 26% play video games for 1 […]
In an attempt to ease up travel and recover from the pandemic, Chinese President Xi Jinping called for a “global mechanism” that utilizes QR codes to open up international travel. Jinping commented that China needs to “further harmonize policies and standards and establish ‘fast tracks’ to facilitate the orderly flow of people.” The QR codes […]
When sitting down to attend MoneyFest 2020, one cannot miss the level of sophistication the webinar offered; it was similar to watching a high production financial show that stretched out for days, allowing a seamless level of connectivity between the speakers and attendees. Hosting a plethora of experts, executives, and tech gurus from around the […]
China’s ruling Communist Party has drawn a roadmap that will take the country to the forefront of global innovation for the next decade, as it plans heavy investments within major technological and scientific projects. “The country will pursue innovation-driven development and implement a number of strategic projects in the fields of artificial intelligence, quantum information, […]
HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when […]
There isn’t a business in the world that hasn’t felt the wrath of the pandemic so far, and the music industry is no exception. After riding high on strong revenues prior to the pandemic, coronavirus hit full force, causing streaming numbers to decline and live revenue streams to become almost non-existent as social distancing, lockdowns and quarantines […]
With around 66% of the adult population in Africa unbanked, Fintech is an evolving industry that has huge opportunity to drive financial inclusion outside of traditional banking systems. Startup funding in Africa hit record highs in 2019 while FinTech companies gained more recognition this year amid the current pandemic. Zeepay, a Ghanaian-owned mobile financial services […]
A judge has approved a request from a group of U.S. WeChat users to delay looming federal government restrictions that could effectively make the popular app nearly impossible to use. In a ruling dated Saturday, Magistrate Judge Laurel Beeler in California said the government’s actions would affect users’ First Amendment rights, as an effective ban […]
For millions of people in the U.S. who use the Chinese app WeChat, it’s a lifeline to friends, family, customers and business contacts in China. That lifeline is now under attack by an executive order from President Donald Trump that could ban the app in the U.S. as early as mid-September, potentially severing vital relationships. […]