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Tencent's excess profits are coming to an end - Insights from The Wall Street Journal

“Days after a record fine against Alibaba, China’s tech companies have pledged to adhere to antimonopoly regulations”, reports The Wall Street Journal.
Days after a record fine against Alibaba, China’s tech companies have pledged to adhere to antimonopoly regulations , reports The Wall Street Journal.
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Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa s rise to presidential power, narrated by our very own Alec Hogg. ....

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Chinese regulator orders Ant Group to conduct major overhaul

HONG KONG (AP) Chinese regulators have ordered Ant Group, a financial affiliate of. ....

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Communist Regime Censors Speech on Military Affairs

Military affairs have recently become a censored topic within the Great Firewall communist China’s sophisticated internet censorship system, amid . ....

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HK adopts 4 e-payment platforms to issue digital vouchers to prop up economy

HK adopts 4 e-payment platforms to issue digital vouchers to prop up economy
Zhang Dan Published: Apr 11, 2021 03:34 PM
Skyscrapers in Hong Kong Photo: VCG
Four electronic payment providers were chosen by Hong Kong to operate the city s HK$36 billion digital voucher scheme this summer, which is estimated to bring economic growth of 0.7 percentage points this year, Hong Kong s Financial Secretary said on Sunday.
The four providers - Alipay Hong Kong, Octopus, Tap & Go and WeChat Pay Hong Kong - each cover about 30,000 to 100,000 merchants in retail, food and beverage, and service industries in Hong Kong, the city s Financial Secretary Paul Chan Mo-po said. ....

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China sets sights on a digital currency to challenge the U.S. dollar

Apr 4, 2021
No one knows when and how the pandemic will end. In the post-COVID-19 world, however, two things are certain: accelerated digitalization and a more confident China.
The 2008-09 global financial crisis was the first significant shift in power from the United States to China. During the current COVID-19 pandemic from 2020, China has been one of the only major economies to have posted growth and, as a result, Beijing is becoming increasingly confident that it is on an equal footing with the West.
On March 5, at the National People’s Congress held in Beijing, Chinese Premier Li Keqiang announced major goals for the 14th Five-Year Plan. The centerpiece of this new plan was the development of a digital economy. The plan aims to accelerate the development of digitization and to build a “digital China.” ....

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