Digital Yuan Transactions at Winter Olympics Surpass $1.5B
The pilot digital yuan project has covered more than 400,000 scenarios at the Olympics, with a transaction amount of 9.6 billion yuan ($1.509 billion).
2/11/20222 min read
Tag: #Finance
Showing 12 of 56 posts with this tag
ZEROG Completes Nearly 100 Million RMB Round A Financing, Focusing on eVTOL Project
Chinese eVTOL aircraft developer Zerog has completed nearly 100 million yuan round A financing.
Prosus Continues to Reduce Its Stake in Tencent
Prosus, a major shareholder of Tencent, announced that as part of its ongoing share buyback plan, it will deposit 96 million Tencent shares it holds into the Hong Kong Central Clearing and Settlement System (CCASS) in certificate form this week to enable these shares to be traded orderly on the market.
Huawei Details Global Expansion of Financial Services at Singapore Summit
Huawei is looking to globalize its operations in the financial services field, with a particular focus on Africa and the Asia-Pacific.
7/21/20223 min read
Ant Group Spends $8.9 Million to Establish Info Tech Company
On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.
Former Alibaba CEO Daniel Zhang Joins Firstred Capital
The former Chairman and CEO of Alibaba Group, is set to join Firstred Capital as a managing partner.
Service Robot Maker Keenon Robotics Raises RMB 200M in B Round of Financing
Shanghai-based service robot manufacturer Keenon Robotics announced that it had completed its B round of financing at the end of 2019.
3/9/20202 min read
Leadership Transition at Warburg Pincus China, President Wei Zhen Steps Down
On December 4, Warburg Pincus officially announced that Wei Zhen will step down as the President of Warburg Pincus China. Fang Min and Zhou Lang will assume the roles of Co-Presidents of Private Equity Investments in China for Warburg Pincus.
12/5/20233 min read
Meituan's Consumer Finance Company Rumored to Be Established in Shenzhen
Meituan's consumer finance company was recently reported to be established in Shenzhen this year. However, a Meituan representative stated that the company has no clear short-term plan or goal for the specific license application.
Ant Group Appoints Jia Hang as General Manager for Southeast Asia
Ant Group has announced the appointment of Jia Hang as its General Manager for Southeast Asia. The Group said this newly-established position will help strengthen its talent and capacity building in the region.
3/24/20222 min read
PayPal Gains Foothold in China Through GoPay Acquisition
PayPal has completed its acquisition of a 70% equity stake in GoPay, making PayPal the first foreign payment platform to provide online payment services in China.
12/23/20192 min read
The Financial Licenses That Chinese Tech Giants Are Competing For
Ant Group is sending a signal to China’s traditional finance industry: with access to financial licenses, tech companies can bite.