China's central bank accepts Ant's application for financial holding company
The People's Bank of China's (PBOC) expected approval of the plan is the latest sign that Ant, a tech giant with financial businesses...
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Fenbeitong raises $140m in Series C funding
Beijing based expense management company raised $140m in Series C plus funding led by DST Global.
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“It’s all rooted in the vision of building a one-stop corporate spend platform,” said the founder and CEO of Fenbeitong, Henry Lan. “To...…
China offers digital Yuan at Olympics to test overseas appeal
With less than a month to go before kickoff, and the event already encumbered by diplomatic boycotts and the threat of virus outbreaks,...
China's digital yuan wallet arrives in Android and Apple app stores
China's central bank has launched its CBDC wallet app on the Android and Apple app stores as it gears up for the forthcoming Winter...
China’s PBOC says digital Yuan users have surged to 140 million
Transactions in e-CNY, as the currency is known, reached 62b yuan ($9.7b) in trials rolled out in about a dozen regions, Mu Changchun,...
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