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China discreetly threatens Alipay, WeChat Pay with digital yuan

In Shanghai, the commercial hub of China, six big state banks are quietly promoting digital yuan ahead of a May 5 shopping festival, carrying...

China’s crackdown on Ant Group is squashing its ambitions to be...

Chinese billionaire Jack Ma's Ant Group swiftly became one of the most powerful companies, and its plans for bridging the worlds of tech and...

China mounts pressure on Ant and Tencent with new draft regulations

The powerplay between Chinese authorities and the country's two major digital payment platforms, Tencent’s WeChat Pay and Ant Group’s Alipay is set to further...

Trump delivers another blow to China before leaving office; Moves to...

American President Donald Trump signed an order banning US transactions with eight Chinese software apps including Ant Group’s Alipay in 45 days, when he’ll...
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