PYMNTS-MonitorEdge-May-2024

china

China, officially the People's Republic of China, is a country in East Asia and the world's most populous country, with a population of around 1.404 billion in 2017. Covering approximately 9,600,000 square kilometers, it is the third or fourth largest country by total area.

Baidu’s Ernie Chatbot Reaches 100 Million Users
Baidu’s Ernie Chatbot Reaches 100 Million Users
December 28, 2023  |  artificial intelligence

Baidu’s Ernie artificial intelligence (AI) chatbot has reportedly amassed 100 million-plus users. The Chinese internet company announced that milestone at a Thursday (Dec. 28) deep learning summit...

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Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
Chinese Consumers Are Saving Rather Than Spending Amid Economic Downturn 
December 21, 2023  |  Consumer Insights

Chinese consumers are reportedly feeling the effects of the country’s economic downturn.  This downturn, characterized by declining exports, a slowdown in manufacturing and a property...

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China’s Once-Dependable Tourists Are Growing Younger and Spending Less
China’s Once-Dependable Tourists Are Growing Younger and Spending Less
December 17, 2023  |  Consumer Insights

Chinese tourists are traveling again, but reportedly aren’t spending like they did before the pandemic. There was a time when the retail world catered to...

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China Gets Tough on Non-Bank Payment Providers
China Gets Tough on Non-Bank Payment Providers
December 17, 2023  |  Regulation

China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and...

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Report: China Steps Up Nationwide Ban on iPhones
Report: China Steps Up Nationwide Ban on iPhones
December 17, 2023  |  Apple

China is reportedly widening its ban on the use of Apple’s iPhone by government employees. According to a Friday (Dec. 15) report by Bloomberg News, an increasing...

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Can the EU Get Its Digital Act Together?
Can the EU Get Its Digital Act Together?
December 06, 2023  |  David S. Evans

Where’s the European Union when it comes to AI? It has the world’s second-largest GDP — $18.4 trillion in 2023. Its 448 million population is more than 100...

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Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
December 03, 2023  |  Digital Payments

Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found...

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Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
Mastercard Joint Venture Gets Approval for Domestic Bank Card Clearing in China
November 20, 2023  |  Mastercard

A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to...

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Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
Alibaba Jettisons Cloud Spin-Off Amid Focus on AI
November 16, 2023  |  Earnings

Chinese tech giant Alibaba says it will not spin off its cloud intelligence business. The decision, announced Thursday (Nov. 16) along with the company’s quarterly earnings, is apparently...

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