Government initiatives can serve as a tailwind under bank/FinTech partnerships, as shown in Hong Kong and beyond. And APIs gain ground with Citi in that...
Ant Financial Services, the Chinese payment affiliate of Alibaba, has created a massive FinTech company that is turning Chinese banking on its head as the...
Cosco Shipping Holdings Co. was the victim of a cyberattack that disabled the Chinese state-run company’s U.S. website and email systems. Get the Full Story...
China has arrested 82 people as part of the busting of a $1.51 billion online pyramid scheme that involved more than 220,000 investors. Get the Full...
To attract Chinese travelers visiting the U.S., GUESS?, Inc. has partnered with Alipay to bring the payment option into select brick-and-mortar stores across GUESS’ brands....
Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. Get the...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes BNP Paribas Asset Management’s new U.K. debt fund. In addition,...
It’s earnings season, which leads us to mull the fate of companies large and small, and of industries that are global in scope. Get the...
Investors have been withdrawing funds from peer-to-peer lending platforms amid a wave of defaults across the industry in China. Get the Full Story Complete the...