Tag: China

China National People Congress (NPC) has passed its first data security law aimed at strengthening the government hand over the data produced and stored in the country.

Endpoint protection firm SentinelOne has claimed Chinese hackers were ‘likely’ behind a series of intrusions on Russian government agencies last year.

Swiss banking technology company Temenos has become the first banking software provider to be certified with Huawei’s infrastructure and public cloud.

A study has found the mobile contactless payment market is expected to grow by 24% in 2021 to around $2.489trn.

Three Chinese associations have called for a complete ban on financial institutions and payment firms providing cryptocurrency services to customers.

China-based InsurTech platform Yuanbao has reportedly scored $156m in its Series C round.

Singaporean payments company FOMO Pay has partnered with buy now pay later (BNPL) firm Atome to expand the use of BNPL in Asia.

A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.

Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.

A Hong Kong regulator is about to make the region's money laundering rules even stricter to prevent illicit funds from flowing out of mainland China.