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China’s Alipay introduces offline e-payment system into Philippine market

A new offline e-payment system supported by China’s mobile payment platform Alipay was rolled out in Manila, showing the the country’s desire to accelerate the digitization to help facilitate the lives of Filipinos. At the launch ceremony, Philippine consumers experienced buying goods and services through scanning QR codes by a mobile phone app called GCash. […]

Belt and Road Initiative: Connecting China, Hong Kong and Malaysia – Part 1

By Charles F Moreira, Editor Malaysia supports the Belt and Road Initiative (China’s One Belt, One Road initiative), as it will enhance trade between Malaysia, China, Hong Kong and other countries along the road, Malaysian External Trade Development Corporation (MATRADE) Chief Executive Officer, Ir. Dr. Mohd. Shahreen Zainooreen Madros told the Belt and Road Initiative: […]

Alipay teams up with European banks to expand business in the region

Alipay, the most popular digital payment tool run by China’s Ant Financial Services Group, announced partnership with three European banks on Tuesday, in its latest effort to further expand its business in the region. The payment service with 450 million active users signed deals on Tuesday with financial institutions BNP Paribas, Barclays, UniCredit, and Six […]

China becomes first country in the world to test a national cryptocurrency

China’s central bank has developed its own cryptocurrency, which is now being tested. Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain. China’s central bank — the People’s Bank of China — has developed a prototype of a cryptocurrency that it could end […]

Belt and Road Initiative: Connecting China, Hong Kong and Malaysia – Part 2

By Charles F Moreira, Editor Hong Kong  has a vibrant startup ecosystem which saw the total number of startups grow from 1,558 in 2015 to 1,926 in 2016 and the total number of startup staff (including employees and founders) increase from 3.721 to 5,229 between these two years. This translates into an increase from just […]

SW China’s Shanghai-Kunming high-speed railway put in trial operation

Aerial photo taken on Dec. 16, 2016 shows a bullet train running in a trial operation on the Beipan River Bridge of the 2,266-kilometer Shanghai-Kunming high-speed railway in southwest China’s Guizhou Province. The railway linking Shanghai in east China and Kunming, capital of southwest China’s Yunnan Province, is planned to be put into operation at […]

Reviving ancient maritime silk road, Chinese container ship sets sail for Europe

While Piraeus [in the Mediterrenean] is China’s main port infrastructure project at the western end of the Maritime Silk Road, the many major seaports in China itself – Shanghai, Shenzhen and Hong Kong being the largest – constitute its eastern end. Between these two ends, the two most important strategic passages are the Strait of […]

China to allocate 10 billion yuan to the ‘Made in China 2025’ initiative

Image courtesy of the Peoples Daily Online Chinese authorities have said they will allocate 10 billion yuan (RM6.41 billion) towards a special fund to support China’s “Made in China 2025” initiative, according to Xinhua’s Economic Information Daily of 12 October 2017. According to the Ministry of Industry and Information Technology (MIIT), these funds will be […]

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