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Big tech finance companies are one step ahead of regulators

Innovation by companies such as Amazon, Alibaba and Tencent presents big challenges
Alibaba’s Ant Financial and Tencent’s WeChat provide a wide range of financial products. Photograph: Alex Plavevski/EPA
Alibaba’s Ant Financial and Tencent’s WeChat provide a wide range of financial products. Photograph: Alex Plavevski/EPA
Mon 12 Apr 2021 07.00 EDT
In 2009, in the midst of the global financial crisis, Paul Volcker, the former Federal Reserve chair, famously observed that the only socially productive financial innovation of the preceding 20 years was the automated teller machine. One wonders what Volcker would make of the tsunami of digitally enabled financial innovations today, from mobile payment platforms to internet banking and peer-to-peer lending. ....

United States , Tencent Wechat , Paul Volcker , Federal Reserve , Latin America , Ant Financial , ஒன்றுபட்டது மாநிலங்களில் , கூட்டாட்சியின் இருப்பு , லத்தீன் அமெரிக்கா , எறும்பு நிதி ,

China's Techno-Authoritarianism Has Gone Global

China's Techno-Authoritarianism Has Gone Global
eurocapital.gr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurocapital.gr Daily Mail and Mail on Sunday newspapers.

United States , New Zealand , United Kingdom , Ali Baba , Perifereia Kentrikis Makedonias , Comunidad Autonoma De Cataluna , Donald Trump , Maya Wang , Tencent Wechat , National Transportation Logistics Platform , Clean Network , International Telecommunication Union , Organization For Economic Cooperation , Foreign Policy , Southeast Asia , Five Eyes , Global Magnitsky Act , Economic Cooperation , Digital Silk Road , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , அலி பாபா , காமுனிடட தன்னாட்சி டி கடலுள் , டொனால்ட் துருப்பு , மாயா வாங் ,

China's Techno-Authoritarianism Has Gone Global

Nearly every week, the international news media reports on the Chinese government’s troubling use of technology to spy on its own citizens and those of other countries. China’s tech giants,
Foreign Policy reported late last year, work hand in glove with the country’s spy agencies. The Guardian suggested in December that a Chinese state-owned phone operator spies on American users.
Surveillance is a fact of life for Chinese citizens and, increasingly, for those who live in countries that have adopted Chinese surveillance technology, from Ecuador to Kyrgyzstan. Even more worrisome, this ecosystem of Chinese-based technologies carries with it a set of values that undergirds the Chinese state a form of twenty-first-century authoritarianism that marries social control and efficiency. ....

United States , New Zealand , United Kingdom , Comunidad Autonoma De Cataluna , Donald Trump , Tencent Wechat , National Transportation Logistics Platform , Clean Network , International Telecommunication Union , Organization For Economic Cooperation , Foreign Policy , Southeast Asia , Five Eyes , Global Magnitsky Act , Economic Cooperation , Digital Silk Road , ஒன்றுபட்டது மாநிலங்களில் , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , காமுனிடட தன்னாட்சி டி கடலுள் , டொனால்ட் துருப்பு , தேசிய போக்குவரத்து தளவாடங்கள் நடைமேடை , சுத்தமான வலைப்பின்னல் , சர்வதேச தொலைத்தொடர்பு தொழிற்சங்கம் , ஆர்கநைஸேஶந் க்கு பொருளாதார ஒத்துழைப்பு , வெளிநாட்டு பாலிஸீ ,

Former Tencent employee ordered to pay US$167,000 for breaching non-compete pact

The Beijing No 1 Intermediate People’s Court on March 22 issued a ruling against Chen Shuo for breaking a six-month non-compete agreement with Tencent. Chen was ordered to pay Tencent compensation for the breach and return the sum he received from the firm after signing the non-compete pact. SCMP
A former employee of Tencent Holdings has been slapped by a Beijing court with a fine totalling 1.1mil yuan (US$167,000 or RM693,767) for breaking a non-compete agreement with the company after he joined TikTok-owner ByteDance, heating up the rivalry between the two Chinese internet giants.
The Beijing No 1 Intermediate People’s Court on March 22 issued a ruling against Chen Shuo, who worked as a senior editor in Tencent’s content platform department for two-and-a-half years, for breaking the six-month non-compete clause in his employment contract with the Shenzhen-based company, according to court documents published on the official database China Judgements Online on Mar ....

Chen Shuo , Genshin Impactdeveloper , Tencent Wechat , Xu Zhenhua , People Court On , Tencent Holdings , South China Morning Post , Moonton Technology , Tiktok Owner Bytedance , China Judgements Online , Beijing Based Bytedance , Hong Kong Listed , Mobile Legends , South China Morning , Courts Crime , மக்கள் நீதிமன்றம் ஆன் , தெற்கு சீனா காலை போஸ்ட் , ஹாங் காங் பட்டியலிடப்பட்டுள்ளது , கைபேசி புனைவுகள் , தெற்கு சீனா காலை , நீதிமன்றங்கள் குற்றம் ,

How China is closing the digital divide for seniors

How China is closing the digital divide for seniors
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The digital divide has widened, particularly over the past year, and left seniors worldwide in the lurch. This issue takes on added urgency in China, where gender imbalance, delayed marriage, and a declining birthrate only exacerbate the rapid aging of its population. In November, the government urged tech companies to cater to the elderly, and China’s digital giants are now tapping into the so-called silver market.
This market has huge potential. By 2040, there will be 402 million people ages 60 and older in China, making up 28% of the country’s population, per a World Health Organization (WHO) forecast from 2019. ....

Tencent Wechat , Alibaba Alipay , Alibaba Taobao , Wechat Mini Program , State Council , Wechat Pay , Xiaodu Smart Display , Little Quilted Jacket Project , வெச்சாட் மினி ப்ரோக்ர்யாம் , நிலை சபை , வெச்சாட் செலுத்த , கொஞ்சம் குயில் ஜாக்கெட் ப்ராஜெக்ட் ,