Chinese e-commerce platform JD.com has started accepting Alipay for payments after the announcement of its logistics deal with rival Alibaba Group Holding’s Cainiao, another sign that the “walled gardens” in China’s tech world are continuing to break down. Alipay, the largest mobile wallet in China operated by Ant Group, was made available for consumers shopping…
Jeremy Allaire, CEO of the USDC stablecoin issuer Circle, said Hong Kong is becoming an increasingly important market for settlements as stablecoins become a critical part of that infrastructure. “In emerging and developing markets … there are importers who are importing out of Asia, and a lot of the trade flow is settled through Hong…
China’s World Internet Conference (WIC), an annual event that promotes the Chinese model and concept of internet governance, will focus on artificial intelligence (AI) this year, as Beijing seeks a greater role in the global governance of AI. The event, also known as the Wuzhen Summit, will run from November 19-22 under the theme of…
Alipay, China’s leading mobile payment service operated by Ant Group, reported a surge in outbound and inbound tourism transactions during the mainland’s “golden week” National Day holiday, as consumer confidence appears to rebound following Beijing’s large-scale stimulus measures introduced ahead of that annual break. During the first four days of the holiday, which began last…
Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction. Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures…
Hong Kong’s securities regulator has approved the city’s third cryptocurrency exchange, the first to be licensed under a two-year-old virtual-asset regulatory regime that has so far struggled to gain traction. Hong Kong Virtual Asset Exchange on Thursday obtained a licence for its trading platform HKVAX, according to an updated list on the Securities and Futures…
Artificial intelligence is expected to outshine Web3 at this year’s FinTech Week, which kicks off at the end of the month, as organisers InvestHK and Finoverse tease a slate of mainland Chinese exhibitors looking to ride the generative AI wave. “[There is] a huge increase in mainland Chinese companies’ representation at this year’s event ……