china

China, officially the People's Republic of China, is a country in East Asia and the world's most populous country, with a population of around 1.404 billion in 2017. Covering approximately 9,600,000 square kilometers, it is the third or fourth largest country by total area.

China’s Tests Of Digital Yuan Have Processed 4 Million Transactions
China’s Tests Of Digital Yuan Have Processed 4 Million Transactions
November 02, 2020  |  Payment Methods

People’s Bank of China (PBOC) Governor Yi Gang said the pilot program for digital yuan has gone well, with over 2 billion yuan ($299 million)...

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Jack Ma Summoned For Questioning About $37B Ant IPO
Jack Ma Summoned For Questioning About $37B Ant IPO
November 02, 2020  |  IPO

The People’s Bank of China (PBOC) and regulators from three Chinese agencies are interviewing Ant Group Founder Jack Ma, Chairman Eric Jing, and CEO Simon...

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China’s Retail Investors Order Over $2.8T Of Ant Group Stock
China’s Retail Investors Order Over $2.8T Of Ant Group Stock
October 30, 2020  |  IPO

Ant Group indicated on Thursday (Oct. 29) that retail investors in mainland China made over $2.8 trillion of orders for their part of its offering,...

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Survey: Chinese Consumers Expect To Spend More On Alibaba’s 2020 Singles’ Day
Survey: Chinese Consumers Expect To Spend More On Alibaba’s 2020 Singles’ Day
October 28, 2020  |  Retail

“Singles’ Day” in China is a 24-hour shopping marathon that boasts the biggest sales on earth of any day of the year. However, this year’s...

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Ant Group $34B Record IPO Means Big Payday For Jack Ma
Ant Group $34B Record IPO Means Big Payday For Jack Ma
October 28, 2020  |  IPO

Jack Ma’s Ant Group broke records on Wednesday (Oct. 28), filing the biggest initial public offering (IPO) to date, with expectations of raising $34.4 billion...

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Today In Payments: Chinese Firms Sprint Toward IPOs; Western Union Expands Real-Time Payouts
Today In Payments: Chinese Firms Sprint Toward IPOs; Western Union Expands Real-Time Payouts
October 27, 2020  |  News

In today’s top news, Chinese firms are racing to file global IPOs, and Western Union expands its real-time payout options. Plus, payment stocks slid on...

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Chinese Firms Sprint Toward IPO Finish Line Amid Ant’s Record Filing
Chinese Firms Sprint Toward IPO Finish Line Amid Ant’s Record Filing
October 27, 2020  |  IPO

Ant Group’s filing of an estimated $34.5 billion record IPO is running parallel to a stampede of Chinese firms racing to file globally, according to...

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China To Focus On Tech As It Formulates 5-Year Economic Plan
China To Focus On Tech As It Formulates 5-Year Economic Plan
October 26, 2020  |  International

A five-year plan for China hashed out by leaders Monday (Oct. 26) is expected to focus on developing semiconductors and other such technology while Washington...

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PwC Executive Says US Firms To Curb Reliance On China Suppliers
PwC Executive Says US Firms To Curb Reliance On China Suppliers
October 26, 2020  |  International

Talk of a major reshuffling in international trade continues to build as more companies eye global supply chains, opening up opportunities for American manufacturing. Tim...

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