Latest Breaking News On - பிரான்சிஸ் லூந் - Page 2 : comparemela.com

China To Develop Digital Yuan Platform With Alibaba s Ant

The Digital Yuan, also know as Digital Renminbi or e-CNY, the development will be “jointly promote” by the partners and will be based on Alibaba’s affiliate. The Global Times revealed that banking institutions have worked with Ant and the multinational Chinese conglomerate Tencent for over 3 years. Together they have co-develop the Digital Yuan. Ant and Tencent have gone through a lot of scrutinies by China’s government. However, this has not prevented them to work on the project. VOA claims that the People’s Bank of China requires assistance to build the CBDC’s infrastructure and its distribution channels. China expects the e-CNY to be used in local retail payments and later to be adopted by foreign countries.

Francis lunGeorge orwellAnt groupPeople bankAli baba groupDigital yuanDigital renminbiGlobal timesGeo securitiesCommunist partyDovey wanPrimitive cryptoElectronic paymentபிரான்சிஸ் லூந்ஜார்ஜ் ஆர்வெல்எறும்பு குழு

China s Central Bank Works with Ant, Tencent to Develop Digital Currency

May 03, 2021 08:16 China s central bank has signed a strategic cooperation agreement with Ant Group, the fintech affiliate of Alibaba Group, to help build a technical platform for its sovereign digital currency, state media reported. China has been developing its electronic yuan, or e-CNY, since 2014 with an aim to replace some of the cash in circulation. In lieu of a timetable for its official launch, the digital cash will first be used for retail payments domestically before it is used abroad, Chinese authorities have said. The two sides will jointly promote the development of the e-CNY, based on Ant s database, Ocean Base, and its mobile development platform, mPaaS, according to the state tabloid Global Times.

T ai peiHong kongFrancis lunTencent wechatAnne stevenson yangJerry linSociety for worldwide interbank financial telecommunicationJ capital researchFinancial research instituteTaiwan academy of bankingGeo securities ltdCommunist partyGeo securitiesFinancial timesTaiwan academyNew york based anne stevenson yang

China fines Alibaba after anti-monopolistic investigation

China fines Alibaba after anti-monopolistic investigation By Reuters David Stanway and Scott Murdoch JOHANNESBURG - CHINA slapped a record 18 â¯billion yuan (about R40bn) fine on Alibaba Group Holding on Saturday after an anti-monopoly probe found the e-commerce giant had abused its dominant market position for several years. The fine, about 4â¯percent of Alibabaâs 2019 domestic revenues, comes amid a crackdown on technology conglomerates and indicates that Chinaâs antitrust enforcement on internet platforms has entered a new era after years of laissez-faire approach. The Alibaba business empire has come under intense scrutiny in China since billionaire founder Jack Maâs stinging public criticism of the countryâs regulatory system in October.

New yorkUnited statesCape townWestern capeSouth africaHong kongLouis tseFrancis lunScott murdochJack maDavid stanwayDaniel zhangWium malanHong haoShi jianzhongPropitious research

RPT-UPDATE 6-China fines Alibaba record $2 75 bln for anti-monopoly violations

RPT-UPDATE 6-China fines Alibaba record $2 75 bln for anti-monopoly violations
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesCape townWestern capeSouth africaHong kongLouis tseFrancis lunScott murdochJack maHimani sarkarWilliam mallardDaniel zhangYingzhi yangDavid stanwayHong hao

China Imposes $2 75 Billion Fine on Alibaba for Anti-Monopoly Violations

China Imposes $2 75 Billion Fine on Alibaba for Anti-Monopoly Violations
albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesCape townWestern capeSouth africaHong kongLouis tseFrancis lunWium malanDaniel zhangHong haoShi jianzhongJack maPropitious researchFacebook incInternational in hong kong