In China, QR code is popular and has become dominant in the digital payment sector. It is the preferred method of both merchants and consumers, online and offline.
Xiaomi announced Friday that its wholly owned subsidiary Xiaomi HK Ltd has signed a three-year $1 billion syndicated loan agreement with 18 banks.
Time out called on Chinese banks in financing overseas sports clubs, hotels, entertainment and real estate shopping
Chinese banks will no longer be the financial source for domestic companies to buy sports clubs, hotels, entertainment and real estate businesses abroad－as the country reforms its outbound direct investment policy to ward off risks－according to analysts.
China will seek a balance between stable growth and risk prevention in the second half of the year, a senior official said on Thursday, indicating that the country is willing to tolerate slower growth to push reforms and curb systemic financial risks.
The man, who reports say had been fired, then got into a car and drove into a group of pedestrians, police say.
Chinese video game companies are playing for high stakes. As the global gaming market enters an increasingly mobile era, they are being forced to adapt to an industry which is moving toward free-to-play.
As the first country in the world to use paper money, China is expected to also become the first to stop using paper money due to the soaring popularity of mobile payment platforms, analysts forecasted on July 24.