China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing to reach a roster of 7,000 locations by April. The alliance will […]
View More China’s Alipay digital wallet is entering 7,000 Walgreens storesCategory: New Years Day
It isn’t just apps. China’s cinemas broke records during Lunar New Year
China celebrated Lunar New Year last week as hundreds of millions of people travelled to their hometowns. While many had longed to see their separated loved ones, others dreaded the weeklong holiday as relatives awkwardly caught up with them with questions like: “Why are you not married? How much do you earn?” Luckily, there are […]
View More It isn’t just apps. China’s cinemas broke records during Lunar New YearA government propaganda app is going viral in China
Besides binge-watching TikTok videos and battling enemies in the magical land of mobile games, many Chinese people may also pass time during the upcoming Lunar New Year on Xuexi Qiangguo, a news and chat app developed by the country’s top ideology officials. The app managed to top the Chinese App Store between January 22 and […]
View More A government propaganda app is going viral in ChinaTesla breaks ground on Shanghai factory which will product Model 3 EVs for China
Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break ground on the new factory today, which is being developed in partnership with the Shanghai government — an ally that is likely to […]
View More Tesla breaks ground on Shanghai factory which will product Model 3 EVs for ChinaAnother day, another reversal in the stock market
Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first trading week for the New Year. After yesterday’s Apple-induced slide, and in the face of economic indicators that signaled a potential slowdown in global and […]
View More Another day, another reversal in the stock marketApple losses trigger a plunge in US markets
Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in value from Apple alone… an amount known technically as a shit ton of money. But stocks were down broadly based on Apple’s news, with the Nasdaq […]
View More Apple losses trigger a plunge in US marketsGrab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up
Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks. The company, which acquired Uber’s local business earlier this year, is planning to raise as much as $5 billion from its ongoing Series H round, up from an original target of $3 billion, a source with […]
View More Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats upNew e-commerce restrictions in India just ruined Christmas for Amazon and Walmart
The Indian government is playing the role of festive party pooper for Walmart and Amazon after it announced new regulations that look set to impede the U.S. duo’s efforts to grow their businesses in India. Online commerce in the country is tipped to surpass $100 billion per year by 2022 up from $35 billion today […]
View More New e-commerce restrictions in India just ruined Christmas for Amazon and Walmart