China wants to have greater control of its technologies and is taking measures that limit the actions of large companies in the sector. Alipay, the payments giant owned by Ant Group, is one of those affected.
The Chinese rulers are not very interested in the business of credits and microloans that…
Read More...
Browsing Tag
China
Texas becomes the crypto capital of the world
After the different prohibitions and problems that have arisen in China around cryptocurrencies, foreign investors have been forced to migrate to other parts of the world, and one destination is Texas.
The US region is now becoming the…
China begins to stop using points of sale
China is starting to move away from the use of points of sale, and this is due in part to the bank fees that must be paid for their use. It is estimated that, for example, in the United States for every 100 dollars, the seller only enjoys…
Chinese government to take control of poorly managed private funds
The main organism in charge of regulating China's securities announced that it will take strong measures against poorly managed private funds, in order to give a stop to public offerings disguised as private capital.
Yi Huiman, president…
Chinese banking to use digital yuan in investments and insurance
The state financial institutions China Construction Bank (CCB) and Bank of Communications (Bocom), leaders in the banking sector, are increasing their efforts to expand their pilot programs on the Central Bank Digital Currency, CBDC, of…
China cuts video game hours
China tightened its policy to combat video game addiction in its underage citizens and has reduced the amount of time they can play to up to three hours a week, with a maximum of one hour a day and only on weekends.
This is stated in a…
US review trade relations with China
The Administration led by President Joe Biden and Vice President Kamala Harris is conducting a "comprehensive review" of trade relations between the United States and China, according to US Government Trade Representative Katherine Tai.…
Xiaomi removes the surname “Mi” from its devices
Xiaomi announced the withdrawal of the surname 'Mi', which it currently uses in the names of a large part of its devices from phones to tablets or the Internet of Things, and which will become known as only 'Xiaomi'.
The Chinese company…
Venezuela increased exports of marine products
In the first half of the year, foreign sales of registered marine products reached 13 thousand tons of shrimp; 1,000 tons of blue crab, 907 tons of "tajalí" and octopus with 629 tons, which represents an increase of 10 % compared to 2020 in…
Xiaomi works on 200W fast charging
Xiaomi introduced its 200W fast charging system for smartphones in May and although it has not been incorporated into the brand's latest flagship device, Mix 4, the company will start mass production next year.
The new generation of…
Cleaner refineries thrive in China
In China currently operates two types of refineries: Tetera 1.0 and Tetera 2.0. The latter are making progress because they cooperate with the vision of the future of the sector held by the President Xi Jinping, who protects the cleanest…
TikTok works on 24-hour stories
TikTok followed the trend of platforms such as Snapchat or Instagram adding the "Stories", or ephemeral content that disappears after a day, as part of a test of the company to offer a new content format.
Stories are one of the content…