Alipay and WeChat Pay see booming inbound spending in China during Labour Day holiday

Alipay and WeChat Pay see booming inbound spending in China during Labour Day holiday

Early figures from China’s two dominant mobile payment services, Alipay and WeChat Pay, showed strong inbound travel spending during the country’s five-day Labour Day holiday. Alipay, a unit under Ant Group, said in a statement on Monday that both the number of transactions and total spending by inbound travellers across 13 e-wallets in its network…

Read More
China’s Communist Party draws ‘red line’ on virtual Lunar New Year cash gifts for cadres

China’s Communist Party draws ‘red line’ on virtual Lunar New Year cash gifts for cadres

China’s Communist Party has warned cadres against accepting digital “red packets” as cash gifts for the Lunar New Year, raising bribery concerns amid a renewed pledge to fight corruption. Accepting or giving virtual presents that might affect the fair performance of official duties could be seen as violating “red lines” in party discipline, the Central…

Read More
China’s intelligence ministry warns of security risks from open-source information

China’s intelligence ministry warns of security risks from open-source information

China’s top intelligence agency has warned that open-source information poses threats to national security by making sensitive data vulnerable to exploitation by foreign spies. Sensitive data that is not properly declassified or assessed for risks can be publicly spread online and “become an important source of open-source intelligence” for overseas spy agencies, the Ministry of…

Read More