The UnionPay card in China is accepted by more than 80 percent of merchants in the United States, but Chinese customers are increasingly moving toward...
Luckin, a Chinese coffee startup that aims to dominate rival Starbucks in the Chinese coffee market, has raised $150 million in a Series B-plus fundraising...
While the U.S. and China continue the tedious process of smoothing out trade tensions, possible new trade disputes are emerging between the U.S. and Europe,...
Amazon is set to shut down its domestic marketplace in China by mid-July. Citing people familiar with the matter, Reuters reported that the eCommerce giant...
Even in the glory days of manual transmissions and leaded gasoline, driving was never just about driving, about getting from one point to another. Driving...
Ant Financial Services Group, the payment affiliate of Alibaba, launched a health aid plan in China that has landed more than 50 million users. According...
Nonbank lending – also known as “shadow banking” – has seen its assets hit $52 trillion, despite the fact that the sector poses significant risks....
Chinese ridesharing company Didi Chuxing is diversifying its business amid massive regulatory changes in China that make it harder for riders to work for the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes a ranking that shows Bristol as the top city for...