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United States Automaker, Tesla, has rolled out its Model 3 electric cars just a year after setting up the car’s manufacturing plant. The $2 billion manufacturing plant, was established in Shanghai, China, a year ago. This is going down as a record in the industry to deliver just under a year of establishing a manufacturing…
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The US is set to lose its top spot as the world’s largest cashless region to emerging Asian markets led by China next year, due to the popularity of payments systems such as Alibaba’s Alipay and Tencent’s WeChat Pay. Payments without the use of cash in the US is estimated to grow by 4.7 per…
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Speaking to Forbes this Saturday, one Joseph Lubin, a co-founder of the decentralized app blockchain platform, Ethereum, states that he hopes that the network could someday be compatible with China’s upcoming cryptocurrency stablecoin being built by the country’s central bank. During the interview, Forbes’ “Crypto and Blockchain Advisor” asked Lubin a variety of questions regarding…
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The US-China trade war continues to rage on, but contrary to a common belief, it may not have affected everyone equally. According to recent reports, the trade war may have actually provided some unforeseen benefits to Apple, among some other companies. One such firm is also Cupertino, a Calif-based firm that announced its earnings this…
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The fintech industry is growing all around the world, and Asia is not being left behind. According to a recent report released by the ADBI Institute, challenger banks could surge in China and Hong Kong this last quarter. The Hong Kong Monetary Authority (HKMA) aims at embracing technology and innovations related to the fintech market….
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China Construction Bank (CCB), one of the largest state-owned banks in China, launched an improved version of its blockchain-based BCTrade platform. The solution gained popularity in the last 18 months after being released. China Construction Bank Enhances Blockchain Platform According to a recently released report, China Construction Bank’s BCTrade platform processed more than $53.5 billion…
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The Chinese market has become the Achilles Heel for American automaker Ford Motor Company (F) which registered yet another decline in sales even after introducing new models. According to the company’s latest statements, it delivered 131,060 vehicles in its second-largest market in the period between July’19 to September’19 marking a 30% fall. 2019 is a…
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Both, the Bank of China (BOC) and IBM (NYSE: IBM) announced they are working in order to expand their current partnership and create a new innovation model for the financial industry. The information was released by IBM in a press release on September 27. IBM Helps BOC Improve Its Financial Strategy According to the press…
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Asian stock markets are operating positively on September 11 as China announced the removal of financial restrictions for global institutional investors. The goal shows China keeps moving forward on its financial reform. International investors would be able to have easier access to equities and bonds in the Asian country. Asian Markets Move Higher At the…
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China’s new bank lending went up slightly in August, according to a recent Reuters survey. However, outstanding loan growth remained on the lower side, which raised pressure on policymakers to avail plenty of liquidity in the face of an ongoing trade war. The situation was evidenced in the People’s Bank of China (PBoC), which on…
