Articles with tag like: Tencent

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PBOC drafts antitrust measures for non-bank payment companies

News | Online & Mobile Banking | 22 Jan 2021

China’s central bank has proposed stepping up antitrust measures for companies in the non-bank payments industry, such as Ant Group’s Alipay and Tencent’s WeChat Pay.

PBOC, Ant Group, Tencent, fintech, payment market, banking, monopoly

Tencent expands its ecommerce offering with a new WeChat feature

News | Ecommerce | 21 Jan 2021

Tencent has launched WeChat mini shop, an app function that the company has been testing since 2020, and allows entrepreneurs and companies to easily set up an online store.

Tencent, launch, WeChat, mini shop, online store, online shopping, ecommerce, payment processing

China to push its tech giants to share consumer credit data

News | Online Payments | 12 Jan 2021

China has shown signs of trying to push tech giants including Ant Group, Tencent, and JD.com to share consumer loan data to prevent excess borrowing and fraud.

China, Ant Group, Tencent, JD, consumer data, credit agencies, banks, PBOC, Open Banking, Open Data

China says the new US order is misusing national security to hurt commercial competitors

News | Payments General | 07 Jan 2021

China’s government has accused Washington of misusing national security as an excuse to hurt commercial competitors after President Donald Trump signed an order banning transactions with payment services Alipay and WeChat Pay and six other apps, according to The Associated Press.

China, Donald Trump, Alipay, WeChat Pay, mobile apps, Tencent, conflict

Australia-based Airwallex secures a total of USD 200 mln in Series D

News | Payments General | 30 Sep 2020

Payments and banking group Airwallex has extended its latest funding round by another USD 40 million, taking the company to a Series D funding round of USD 200 million, according to AltFi.

Australia, Airwallex, Series D, payments, banking, fintech, digital banks, alternatie lenders, banking services, payments processing, currency exchange, Skip Capital, Tencent, Salesforce Venture, Sequoia Capital China

Tencent invests USD 63 mln into Flipkart amid China row

News | Ecommerce | 18 Sep 2020

China-based technology conglomerate Tencent has invested nearly USD 63 million in Flipkart, according to regulatory filings of the holding company in Singapore.

Tencent, investment, Flipkart, Walmart, funding, foreign direct investment, FDI, PUBG Mobile Lite, WeChat Reading, WeChat Work, Tencent Weiyun, Alibaba Group, Paytm, BigBasket, India

Waterdrop secures USD 230 mln for its insurance platform

News | Payments General | 21 Aug 2020

China-based Waterdrop has announced a USD 230 million round of funding jointly led by two strategic investors, Swiss Re and returning investor Tencent.

Waterdrop, China, insurance platform, investors, funding, Swiss Re, Tencent, IDG Capital, Wisdom Choice Global Fund, Series D, valuation, platform, partnership, healthcare, Haoyaofu

China-based Ant Group to launch consumer finance company

News | E-invoicing, SCF & E-procurement | 18 Aug 2020

Ant Group, Alibaba’s fintech arm and mobile payments company, has planned to set up a consumer finance firm in the southwestern city of Chongqing, according to Reuters.

China, Ant Group, consumer finance, fintech, mobile payments, tech, Tencent, ByteDance, financial services, ecommerce, Alibaba Group Holding, financial licenses, payments, online banking, insurance, micro lending, Nanyang Commercial Bank, China TransInfo Technology, Contemporary Amperex Technology

JD.com, Tencent partner to bring ecommerce to China-based e-sports league

News | Ecommerce | 20 Jul 2020

JD.com has partnered with Tencent’s marquee e-sports league King Pro League (KPL) to bring the benefits of ecommerce to its mobile game.

JD.com, Tencent, E-sports, King Pro League, KPL, ecommerce, mobile game, coronavirus

Tencent rolls out online shopping feature in WeChat app

News | Ecommerce | 20 Jul 2020

Tencent has launched a new feature to help merchants build virtual shops on its WeChat messaging service in China.

Tencent, merchants, virtual shops, online shopping, WeChat, China, ecommerce, WeChat Minishop, WeChat Pay, Moments

ADBC taps Tencent for its financial cloud platform

News | Online & Mobile Banking | 10 Jul 2020

Singapore-based Asia Digital Bank (ADBC) has signed a memorandum of understanding (MoU) with Tencent Cloud.

ADBC, Tencent, cloud banking, banking, Singapore, Asia Digital Bank, ADBC, MOU, Tencent Cloud, data, digital bank, digital, banks, SMEs

Boku acquires Estonia-based mobile payments company Fortumo

News | Mobile Payments | 19 Jun 2020

US-based mobile payment company Boku has acquired Estonia-based direct carrier billing service provider Fortumo for a maximum consideration of USD 45 million.

Boku, US, mobile payments, Fortumo, direct carrier billing, DCB, joint strategy, merchants, SMEs, Google, Amazon, Tencent, digital merchants, Apple, Google, Facebook, Microsoft, PayPal, Spotify, Sony, mobile wallets

Nubank reaches 25 mln customer across LATAM

News | Online & Mobile Banking | 03 Jun 2020

Brazil-based Nubank has reached 25 million customers, making it one of the largest independent digital banks in the world.

Brazil, Nubank, Latin America, LATAM, digital banks, banks, digital, Mexico, credit cards, cards, TCV, Tencent, DST Global, Sequoia Capital, Dragoneer, Ribbit Capital, Thrive Capital

WeBank teams up with OpenNodes to bring FISCO BCOS blockchain to Singapore

News | Online & Mobile Banking | 22 May 2020

China-based digital bank WeBank has partnered with Singapore government-backed OpenNodes to bring China’s FISCO BCOS blockchain to Singapore. 

WeBank, China, FISCO BCOS, blockchain, Singapore, OpenNodes, Financial Blockchain Shenzhen Consortium, JD Finance, Huawei, ZTE, Tencent, technology, Infocomm Media Development Authority, IMDA, DAML

Visa, Tencent, China Guangfa Bank launch credit card partnership in China

News | Cards | 14 May 2020

Visa has announced a credit card offering in partnership with Tencent and China Guangfa Bank (CGB).

Visa, Tencent, cards

Tencent acquires 5% stake in Afterpay

News | Online Payments | 05 May 2020

Hong-Kong-based mobile commerce conglomerate Tencent has acquired a 5% stake in Australia-based instalment purchase platform Afterpay.

Tencent, Afterpay, online payments, ecommerce, China, Hong Kong, Australia, fintech, emerging fintech

WeBank, Digital Asset to integrate DAML smart contract language

News | Online & Mobile Banking | 20 Apr 2020

China-based WeBank has announced integrating Digital Asset‘s smart contract language DAML with the FISCO BCOS blockchain platform. 

WeBank, DAML, China, FISCO BCOS, blockchain, China, Digital Asset, digital bank, Tencent, WeChat, Shenzhen Securities Communications, Huawei, BSN, Ethereum, Hyperledger Fabric, Hyperledger Sawtooth, Hyperledger Besu, VMware Blockchain, R3, Corda, Amazon, QLDB, Aurora

IBM, Huawei, Alibaba to form provincial blockchain alliance

News | Cryptocurrencies | 16 Apr 2020

Huawei, IBM, Tencent, Alibaba, and Baidu have partnered to create an alliance called the Chongqing Blockchain Application Innovation Industry Alliance.

Huawei, IBM, Tencent, Alibaba, China, Baidu, blockchain alliance

Agricultural Bank of China to trial interface for PBoC's central bank digital currency

News | Cryptocurrencies | 16 Apr 2020

The Agricultural Bank of China (ABC), a large state-owned bank, has started testing an interface for the country’s central bank digital currency (CBDC).

Ant Financial, Tencent, mobile app, DC/EP, Agricultural Bank of China, PBOC, central bank digital currency, China

Voyager secures USD 120 mln investment for e-wallet service

News | Mobile Payments | 07 Apr 2020

A group of investors, including China-based Tencent and KKR, have announced an investment of up to USD 120 million for Voyager Innovation, a Philippine-based tech company.

PayMaya, China, Tencent, KKR, investment, Voyager, Philippine, e-wallet