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.

China’s AI Surge Could Impact the Global Business Landscape, Experts Say
China’s AI Surge Could Impact the Global Business Landscape, Experts Say
July 15, 2024  |  artificial intelligence

Chinese companies are racing ahead in adopting generative artificial intelligence (AI), a technological leap that experts say could upend global commerce and give China a...

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China’s Economic Growth Shows Surprise Slowdown
China’s Economic Growth Shows Surprise Slowdown
July 15, 2024  |  International

Economic growth in China reportedly fell to its slowest pace in five quarters. The surprise slowdown came as a decline in consumer spending hamstrung an...

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Report: Paytm Gets OK to Invest in Payments Subsidiary
Report: Paytm Gets OK to Invest in Payments Subsidiary
July 09, 2024  |  Regulation

Paytm has reportedly received government approval to invest $6 million in its crucial payments subsidiary. That green light came from a government panel overseeing investments tied...

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Microsoft Won’t Follow OpenAI in Blocking China’s Access to AI Models
Microsoft Won’t Follow OpenAI in Blocking China’s Access to AI Models
July 08, 2024  |  artificial intelligence

OpenAI’s upcoming ban on application programming interface (API) access to its artificial intelligence (AI) models in China doesn’t apply to Microsoft Azure’s customers in the country....

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Shein’s Technology Plans Face Concerns About Supply Chain Security
Shein’s Technology Plans Face Concerns About Supply Chain Security
July 08, 2024  |  Retail

Fast fashion retailer Shein plans to expand its offerings by selling supply chain technology worldwide, but reportedly faces concerns about potential cybersecurity risks and Chinese...

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Microsoft Mandates iPhones-Only Rule for Workers in China
Microsoft Mandates iPhones-Only Rule for Workers in China
July 08, 2024  |  International

Microsoft is requiring staff in China to use iPhones for work starting in September. The measure essentially bans Android-powered devices for these workers and is...

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China’s AI Patent Boom: 38,000 Filings Dwarf Global Rivals
China’s AI Patent Boom: 38,000 Filings Dwarf Global Rivals
July 05, 2024  |  artificial intelligence

China has emerged as the dominant force in generative artificial intelligence (AI) patents, outpacing global competitors by a significant margin, according to a new report...

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How the UN AI Resolution Could Reshape Commerce
How the UN AI Resolution Could Reshape Commerce
July 03, 2024  |  Artificial Intelligence

The United Nations General Assembly greenlit Monday (July 1) a China-sponsored, United States-backed resolution on artificial intelligence, signaling a potential sea change in global AI...

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Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
July 03, 2024  |  Travel Payments

Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant...

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