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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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Tencent's market value plunges $89 bn from anti-monopoly move

 Tencent's market value plunges $89 bn from anti-monopoly move

(ATF) China’s new rulings on internet platforms has landed with the impact of an e-commerce Black Friday event. While internet platforms smashed online retail sales records from ‘Double 11’, the share prices of top online retailers in China plummeted. Tencent was especially mauled.The newly released Anti-monopoly Guidelines on Platform Economy …

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US challenges judge's ruling to block WeChat app store ban

US challenges judge's ruling to block WeChat app store ban

WASHINGTON: The US Justice Department on Friday said it was appealing against a judge's decision to block the government from barring Apple and Google from offering Chinese-owned messaging app WeChat for download in American app stores.The government said it was challenging the 9th US Circuit Court of Appeals' September 19 …

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