Bitcoin Futures Trading Suspects Arrested In China
Three men involved in an alleged swindle of Chinese speculators of the Bitcoin virtual currency have been detained in China. Local media report that the three men were involved in the GBL trading...
View ArticleBitcoin ATM Enters Hong Kong, Taiwan
Robocoin, a Bitcoin ATM machine, was deployed in Hong Kong and Taiwan. Robocoin was first launched in Vancouver, Canada, in October 2013, which caused a sensation. Since then, this product has been...
View ArticlePBOC Halts Virtual Credit Cards And Mobile Payments In China
The People's Bank of China has issued an emergency alert to stop the use of virtual credit card products as well as two-dimensional code payments that are often used with mobile devices. Chinese...
View ArticleAlibaba Throws Money At Internet Privacy
Hu Xiaoming, Alibaba's vice president for small- and micro-financial group and chief risk officer, announced in Beijing that the company will invest CNY40 million to establish a security fund. The...
View ArticleHuobi.com Acquires Chinese Bitcoin Wallet Website
Huobi.com, a Chinese professional virtual currency trading platform, acquired the Bitcoin wallet provider Quick Wallet. Huobi.com also announced that Zhang Jian, chief executive officer of Quick...
View ArticleBTCChina Forges Bitcoin Deal With Chinese E-commerce Sites
Chinese Bitcoin exchange website BTCChina has reached a strategic deal with e-commerce providers, including online game service provider Shenzhoufu.com; Internet P2F financial management website...
View ArticleChina’s Alipay Will Provide Internet Payment Services To Gilt
The international shopping website Gilt announced that the company formally introduced Alipay as a new payment channel. This makes Gilt the latest overseas shopping website partner of Alipay following...
View ArticleChina UnionPay Rumored To Soon Launch Mobile Payment Service For Android...
China UnionPay has reportedly decided to launch a mobile payment service named "AndroidPay" for Android smartphones. According to reports in Chinese local media, several information sources confirmed...
View ArticleAnt Financial Opens Its Internet Bank This Week In China
Ant Financial Services Group, a small and micro financial services company under Alibaba Group's Alipay, will officially launch their online banking platform MYbank on June 25, 2015. MYbank is also...
View ArticleCentral China Welcomes Government-Backed Cloud Computing Venture
Chinese Internet video group Letv signed an agreement with the municipal government of Chongqing and China Bridge Capital to build an industrial base in Chongqing. The cooperation will include cloud...
View ArticleChinese Internet Loan Platform Eyes IPO In U.S.
Chinese P2P loan company China Rapid Finance plans to launch an initial public offering in America in the first half of 2016, and the company aims to raise up to USD200 million. According to reports in...
View ArticleWho Just Invested In The Postal Savings Bank Of China?
The cadres running one of China's top banks are seeking a bigger exit, as they just landed a huge investment. Postal Savings Bank of China sold shares to ten strategic investors, with a total financing...
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Suguo Stores Begin Supporting Apple Pay In China
Jiangsu-based supermarket chain Suguo announced that its 1,500 owned stores in Jiangsu and Anhui provinces, covering shopping plazas, community stores, …
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Samsung Links Online Payments With China’s Alipay
Samsung's payment service Samsung Pay and Alibaba's payment service Alipay announced an interoperability deal that allows users to complete payments …
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Is P2P Lending Out Of Control In China?
The China Banking Regulatory Commission appears ready to issue new guidelines that will cap P2P lending and curtail some of …
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China Development Bank Inks Tencent Fintech Deal
China Development Bank and Tencent signed a strategic cooperation agreement on "Internet plus" for development of finance services. The term …
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Huawei Teams With WorldRemit To Offer Mobile Payments In Africa
Chinese telecom device maker Huawei and digital transfer services provider WorldRemit reached a deal to offer international transfer services to …
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Alipay Brings Chinese Money Services To Malaysian JV
CIMB Group Holdings Bhd, Malaysia's second largest bank by asset scale, said that its subsidiary Touch n Go, in which …
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U.S. Payments Start-up Teams With Alipay, WeChat To Reach Chinese Consumers
Silicon Valley start-up company Stripe has reached deals with Chinese digital payment service providers Alipay and WeChat payment to enable …
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Countdown Looms For BTCC’s Bitcoin Trading End
As BTCC enters its final week of Bitcoin trading operations, all eyes are on how the impact of the shutdown …
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