In its path to becoming one of the world’s most valuable startups, Ant Group Co. built a complex financial ecosystem that captured huge sums of money and kept millions of people in it by supplying them with credit and managing their investments. Now, Beijing is forcing the Chinese …
China
“Going Cashless” with the New Money Review Podcast
30 minutes of high octane podcast How China’s digital payments technology will take over the world. Our guest on the latest New Money Review podcast is Rich Turrin, a US citizen based for a decade in Shanghai, China, where he has had a bird’s eye view of the incredible changes taking place in …
CGTN Interview: Connecting China’s Central Bank Digital Currency with Thailand and UAE’s
Explainer: The "Multiple CBDC Bridge" is the final piece of the China CBDC puzzle and brings us one step closer to free and immediate CBDC transfer. Thank-you to CGTN's Juliet Mann for this wonderful interview. One of the very few where I laughed out loud! Hong Kong Monetary Authority, PBOC, Bank …
Alipay and WeChat Pay Bans a Political Minefield
Trump’s Alipay and WeChat Pay ban is nothing more than a political maneuver to claim “Biden is soft on China” when the executive order is revoked. Cynical and sad but that’s the way it is. What is important to note is that there are no specific allegations of data breaches by any of these …
Regulators want Ant to have more “Skin in the Game”
China's regulators are still bleeding from P2P loan losses and halted AntGroup's IPO because they simply couldn't believe that: "This time will be different. " What do credit bubbles share in common between East and West? Both the P2P crisis in China and the Mortgage-Backed Securities …
CGTN Goldman Sachs Buys 100% of China Securities arm.
#GoldmanSach's 100% buy-out of their China securities arm is a strong vote of confidence in China and in the growth of Chinese companies. It is just part of a modern-day gold rush of foreign firms buying into China's securities markets. My take on what this means with CGTN's thoughtful Hannah …
Live at the In.clusion Conference: Ant Group disrupting financing for SME’s
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‘U.S. targeting of Chinese tech firms a dangerous election-year stunt’
The U.S. offensive against Chinese tech companies and apps in recent months is a "dangerous election-year stunt" which will have far-reaching consequences even for American big tech companies, according to a veteran American innovation expert and author who is keenly following the ongoing tech …
CGTN Panel discussion on Ant Group and Regulators
A discussion about Ant and some of the regulator's motivations behind cancelling Ant's "world's largest" IPO. …
AI Implementation in China A Day in the Life of Shanghai
Aug 20, 2020: AI Implementation in China: A Day in the Life of Shanghai held at the 6th Fintech & Financing Conference FFCON20 DIGITAL RISE co-hosted by NCFA, TFI and partners; a virtual and interactive 8 week curated online event series taking place from July 9 through to August 27 every …
5G: A world divided in digital spheres of influence Richard Turrin
Both China and the United States are widely believed to be at the forefront of the 5G technology, causing anxiety in the U.S. about losing its unique leadership. Richard Turrin, author of the best-selling "Innovation Lab Excellence," who previously headed IBM's Fintech Innovation Lab in Singapore …
China’s 5G lead, a ‘Sputnik moment’ for U.S.
"5G is the foundation technology of our digital future [encompassing] all the countries in the planet. China is clearly adopting 5G before any other country and has a tremendous lead. This is like the Sputnik moment for the West," Richard Turrin, the author of the best-selling "Innovation Lab …
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