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Chinese regulators have approved tech heavyweight Alibaba's financial arm Ant Group to raise 10.5 billion yuan ($1.5 billion) for its consumer finance unit, marking a significant step forward for the revamp of the financial technology company's lucrative consumer loan business.
China's digital yuan enters third round of testing Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
The orderly expansion of digital renminbi trials in China is expected to advance its research and development and wide-range applications, experts said on Monday, as the nation works to build a robust ecosystem for its digital currency, or e-CNY.
© Provided by Xinhua by Xinhua writers Wang Siyuan, Zhang XuanBEIJING, Feb. 4 (Xinhua) -- Shaking her mobile phone, scanning the Chinese character Fu a
© Provided by Xinhua by Xinhua writers Wang Siyuan, Zhang XuanBEIJING, Feb. 4 (Xinhua) -- Shaking her mobile phone, scanning the Chinese character Fu a