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ByteDance's Douyin looks to buy Chinese fintech firm to strengthen payment services

Douyin signed an agreement with Shenzhen-listed HyUnion to purchase 100% shares of the firm’s indirect wholly-owned payment service. ....

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China's crypto craving: back-door Binance traders look more important to exchange's future in wake of US conviction

Binance workarounds allow mainland Chinese traders to sign up by listing their location as Taiwan, betraying the market’s importance to the world’s largest crypto exchange. ....

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Ride-hailing giant Didi Chuxing apologises for widespread service outage in China

The disruptions affected some of the app’s 400 million users, as well as drivers across China, including in Beijing, Shanghai and Guangzhou. ....

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China digital currency: Beijing forum promotes SIM-based 'e-CNY hard wallet' as an alternative for mobile payments

Promoters say the ‘e-CNY hard wallet’ has several advantages as a payment mechanism, including safety, reliability and convenience. ....

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CEO of fintech giant Ant Group pledges support for digital yuan

Eric Jing Xiandong said the e-CNY could be as valuable to industrial internet use as mobile payments were for consumer use. ....

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