Chinese regulators continue to tighten rules for financial technology companies. On Tuesday (March 3), a top official said that FinTechs will be required to meet...
Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with...
In today’s top payments news around the world, RecargaPay has notched $70 million in a Series C funding round to expand its payments platform, while...
China’s bank regulator is tightening restrictions on internet loans made by commercial banks and looking more into online lenders in general, Reuters reported. Get the...
JD.com, sometimes called China’s Amazon, said it plans to take its shipping business public in Hong Kong, Bloomberg reported. The company’s goal is to take...
One previously unreported reason Jack Ma‘s Ant Group lost its IPO was because of the complex ownership structure of the company, The Wall Street Journal...
The President Joe Biden administration is easing up on the TikTok ban former President Donald Trump was pursuing, the Associated Press (AP) reported. Get the...
In today’s top digital-first banking news, the central bank of China is planning another test run of its digital currency, while Goldman Sachs has hired...
China’s State Administration for Market Regulation (SAMR) published new guidelines Sunday (Feb. 7) to strengthen anti-monopoly restrictions on Big Tech platforms, Reuters reported. Get the...