Alipay


Trump Chinese app ban complicates Biden's China policy

Trump Chinese app ban complicates Biden's China policy

(ATF) US President Donald Trump has signed an executive order which aims to ban transactions on eight Chinese software applications, including Ant Group’s Alipay, citing national security concerns.The move seeks to increase pressure on China before the Biden administration takes office, but it may hamper incoming President Joe Biden’s attempts …

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Trump order to ban Alipay is latest headache for Biden, China

Trump order to ban Alipay is latest headache for Biden, China

(ATF) US President Donald Trump has signed an executive order which aims to ban transactions on eight Chinese software applications, including Ant Group’s Alipay, citing national security concerns.The move seeks to increase pressure on China before the Biden administration takes office, but it may hamper incoming President Joe Biden’s attempts …

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Chinese court may rule on legality of firms keeping facial database

Chinese court may rule on legality of firms keeping facial data

(ATF) A Chinese law professor has filed an appeal after winning a facial recognition case against a safari park in eastern China’s Hangzhou city, asking the court to rule that the park’s collection of people's facial images is illegal. In the meantime, a spokesperson from China’s legislature told Chinese media …

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India's app ban deals another trade blow to China

India's app ban deals another trade blow to China

(ATF) India dealt another blow to China on Tuesday by banning a third batch of its apps.The Ministry of Electronics and Information Technology (MEITY) blocked access to 43 additional Chinese apps, including the popular online retail portal AliExpress, owned by Jack Ma's e-commerce giant Alibaba Group."This action was taken based …

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Answers to rampant rumours about the digital yuan

Answers to rampant rumours about the digital yuan

(ATF) Speculation about China’s digital yuan has been rife all year. At present, the digital yuan is being tested in Shenzhen, Suzhou and other places, but to most of the country's 1.4 billion people it is still a mystery.In the China Financial Stability Report (2020) released on November 6, the …

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Payment, e-commerce sites come under Beijing competition scrutiny

Payment, e-commerce sites come under Beijing competition scrutiny

BEIJING/SHANGHAI: China on Tuesday published draft rules aimed at preventing monopolistic behaviour by internet platforms, a move that will increase scrutiny on e-commerce marketplaces and payment services belonging to the likes of Alibaba Group. China's State Administration for Market Regulation (SAMR), which issued the draft, said it wanted to prevent …

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China suspends huge Ant listing over regulatory concerns

China suspends huge Ant listing over regulatory concerns

(ATF) The Shanghai Stock Exchange has suspended the huge stock listing of Ant Group amid concern that investors have not been given proper notice about major regulatory changes announced on Monday.The bourse decided to push back the $34-billion listing originally set to take place in Hong Kong and Shanghai this …

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China digital yuan gift not enough to win over consumers

China digital yuan gift not enough to win over consumers

SHENZHEN/HONG KONG/SHANGHAI - China's experimental $1.5 million giveaway of digital yuan to Shenzhen citizens ended on Sunday with acclaim from currency analysts - and scepticism from some users saying they preferred existing shopping tools like the ubiquitous Alipay app.Under the week-long programme, the People's Bank of China (PBOC) gave 200 …

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Ant Group 'gets nod' for HK leg of $35bn dual listing

Ant Group gets nod for HK leg of $35bn dual listing

Ant Group has won approval from China's securities regulator for the Hong Kong leg of its roughly $35 billion dual listing, sources have told news agencies.The fintech giant plans to list in both Hong Kong and on Shanghai's STAR Market in an initial public offering (IPO) early next month that …

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US may blacklist China's Ant Group

US may blacklist China's Ant Group

The US State Department has submitted a proposal for the Trump administration to add China's Ant Group to a trade blacklist, according to two people familiar with the matter, before the financial technology firm is slated to go public.It was not immediately clear when the US government agencies that decide …

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