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China s central bank asks non-bank payment firms to report overseas IPOs
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
China s TikTok lets users shake phone to find friends, challenging WeChat
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By: Andrew Moran
The global economy is in the early days of digitalizing currencies. Central banks worldwide are either in the infancy period of transitioning to digital money or deliberating digitalization’s pros and cons. After a couple of trials in the post-coronavirus recovery, China is placing its bets on the digital yuan, advancing its scope and reach to become the kingpin of fiat money. But market analysts are only now beginning to show an interest in the virtual yuan, potentially out of fear that it could threaten and undermine the U.S. dollar and inflate its standing among international reserve currencies. Is this a positive step in the diversification of currencies, or will it be more of the same big-government economics? Whatever the case, the red dragon continues to expand its fiery breath across the globe.
The change comes years after the Beijing Tobacco Control Association initiated a campaign to remove images of smoking on social media. China has one of the world’s highest smoking rates, with about half of all men taking up the habit and about 20% of all minors having tried it. SCMP
WeChat, the ubiquitous super app known as Weixin in mainland China, has removed the image of a cigar in a popular emoji, years after an anti-smoking group warned that it complicated the fight against tobacco use among young people.
The emoji called “commando” – showing a man wearing a helmet and sunglasses, with a lit cigar between his lips – is widely used by Weixin users to describe someone at ease or chilling. Internet giant Tencent Holdings, operator of the multipurpose social media platform, said it has removed the image of the cigar from that emoji, according to its post on microblogging site Weibo on Sunday.
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