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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 […]

Battery swapping stations for electric vehicles

Electric vehicles have to go through a charging cycle otherwise it may run out of juice in the middle of the road. One of the drawbacks of owning electric vehicles is this downtime while its being recharged. Beijing Electric Vehicle (BJEV) has an electric vehicle model that charges the car by swapping out the old […]

China’s using artificial intelligence to lead in the biotech space

Image – Genomic Knowledge Base – courtesy WUXI NextCODE By Charles F. Moreira, Editor China aims to take the lead in AI (artificial intelligence) and biotech development according to an article in Axios.com on 3 December 2018, by Eleonore Pauwels, a research fellow on emerging cyber-technologies at UN University’s Centre for Policy Research, focusing on […]

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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