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.

Apple Debuts Store on Chinese Super App WeChat
Apple Debuts Store on Chinese Super App WeChat
July 11, 2023  |  Apple

Apple has reportedly begun selling its devices via the Chinese social media platform WeChat. WeChat is owned by Tencent and is considered China’s leading messaging app. Apple will sell...

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China’s Web Watchdog Wants to License Generative AI Use
China’s Web Watchdog Wants to License Generative AI Use
July 11, 2023  |  artificial intelligence

China is reportedly preparing to unveil tougher rules for generative artificial intelligence (AI). The Cyberspace Administration of China (CAC), the country’s internet watchdog, wants to...

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China Creeps Toward Deflation as Recovery Slows
China Creeps Toward Deflation as Recovery Slows
July 10, 2023  |  International

While much of the world deals with inflation, China has the opposite problem. The country’s economy reached the edge of deflation last month, the Financial Times (FT)...

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China’s IPO Applications Plunge in First Half of 2023
China’s IPO Applications Plunge in First Half of 2023
July 10, 2023  |  IPO

So far, 2023 has not been a good year for the Chinese IPO (initial public offering) market. As Reuters reported Monday (July 10), IPO applications in that...

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Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
Singapore-Based DBS Launches Digital Yuan Merchant Collection Solution in China
July 07, 2023  |  CBDC

DBS has launched a digital yuan (e-CNY) merchant collection solution and completed its first e-CNY transaction for a client. The Singapore-headquartered financial services group’s DBS China...

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An American Revolution — How US Crypto Policy Diverges From Rest of World
An American Revolution — How US Crypto Policy Diverges From Rest of World
July 04, 2023  |  Cryptocurrency

There will be no fireworks for the digital asset sector this July Fourth.  It’s looking like the course du jour being cooked on the grill...

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Crypto Critic Could Be Put in Charge of China’s Central Bank
Crypto Critic Could Be Put in Charge of China’s Central Bank
July 03, 2023  |  Cryptocurrency

A Chinese economist who once envisioned bitcoin’s “corpse” could become head of the country’s central bank. As Bloomberg News reported Monday (July 3), the elevation...

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Report: Meta Looks to Tencent to Relaunch Business in China
Report: Meta Looks to Tencent to Relaunch Business in China
July 03, 2023  |  Meta

Meta has reportedly turned to China’s Tencent to resurrect its business in that country. A potential roadblock to the tech giant’s efforts, however, could be...

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Apple’s Market Valuation Again Tops $3 Trillion
Apple’s Market Valuation Again Tops $3 Trillion
June 30, 2023  |  Apple

Apple’s market valuation has again topped $3 trillion. The tech giant had reached the $3 trillion mark before, on the first trading day of 2022,...

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