Ecommerce 

Alipay and six European digital wallets join hands to increase adoption of mobile payments with QR code

Six mobile wallets in Europe together with Alipay will collaborate and adopt a unified Quick Response (QR) code for mobile payments, allowing users of each wallet to pay for their purchases across 10 countries in Europe.The six European mobile wallets include Austria’s Bluecode, Finland’s ePassi and Pivo, Oslo-based Vipps, Spain’s Momo as well as Portugal’s Pagaqui. The wallets are working with the Chinese payments provider towards rolling out a QR code format provided by Alipay, so that users… Source link

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More Chinese cities set to join Guangzhou and Shenzhen in increasing car ownership quotas to lift declining sales

China’s local governments are taking steps to boost car sales that have fallen for 10 consecutive months through April by increasing the annual quota of new licence plates in some of the mainland’s biggest cities that are plagued by traffic congestion.Guangzhou and Shenzhen in the southern Guangdong province announced last week that they will increase the supply of licence plates in the two cities by at least 42 per cent through 2020, a move Jefferies Financial Group said was unexpected because… Source link

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Vietnam 

Six ICT executives join National e-Government Committee working group – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Leaders of six leading information and communications technology (ICT) companies will join a working group of the chairman of the National e-Government Committee. — Photo enternews.vn HÀ NỘI — The heads of six leading information and communications technology (ICT) companies will join a working group for the chairman of the National Committee on E-Government. The firms are DTT, Viettel, VNPT, FPT, CMC and VietnamPost, and their chiefs are among the 18 members of the network security and technology solutions team formed under the working group. The working group includes an institutional and administrative reform team…

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Vietnam 

Private firms encouraged to join credit information market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam’s market for credit information-related provision has been considered to be underdeveloped with little competition. — Photo investopedia.com HÀ NỘI – Private organisations will be encouraged to provide credit information in Việt Nam to improve transparency in the credit information market, under a new draft decree. The draft decree replacing Decree 10/2010/NĐ-CP was opened for public comments by the State Bank of Việt Nam (SBV). Việt Nam’s market for credit information is considered underdeveloped and lacks competition. To date, only two companies are eligible to provide credit information in Việt…

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Vietnam 

More than 350 foreign investors join VN’s securities market in April – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In April, more than 350 foreign investors were granted codes to participate in the Việt Nam’s securities market. – Photo tienphong.vn HÀ NỘI – More than 350 foreign investors were granted securities trading codes in April, bringing the total number of foreign investors able to participate in the Việt Nam’s securities market to nearly 30,240, according to the Việt Nam Securities Depository (VSD). Of them, 44 were institutional investors and 312 individual investors. In April, VSD removed securities trading codes from six foreign investors. Foreign investors bought a net volume…

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Stephen Moore was Donald Trump’s latest choice to join Federal reserve board. Now he’s withdrawn

FILE – In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition’s Road to Majority event in Washington. President Donald Trump said Wednesday, April 10, 2019, that Cain is a “wonderful man,” but it will be up to him to decide whether to go forward with a nomination to the Federal Reserve’s seven-member board. (AP Photo/Molly Riley, File) Source link

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Chinese start-ups join rush to launch IPOs on Shanghai exchange’s new tech board

China’s upcoming Nasdaq-style market has attracted 89 companies seeking to raise funds through an IPO just a month after the Shanghai Stock Exchange began accepting listing documents.These technology firms plan to raise more than 90 billion yuan (US$13.4 billion), exceeding the 87 billion yuan raised by 57 companies on the Shanghai exchange last year.The companies that have applied to raise funds fall into the categories of basic science, biotechnology, robotics, new materials, aerospace and… Source link

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China 

Italy’s move to join New Silk Road may see European Union tighten coordination on China

Italy’s decision to join Beijing’s multibillion-dollar “Belt and Road Initiative” may prompt the European Union to tighten its coordination on China amid growing scrutiny of its efforts to expand its global clout, analysts say.Italy’s populist administration – resisting pressure from Brussels and Washington – on Saturday signed a memorandum of understanding with China agreeing to take part in Beijing’s trade and infrastructure scheme, the first G7 nation to do so.Among the 29 other agreements… Source link

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Vietnam 

VN firms to join Korean Sourcing Fair – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese fruits are showcased at South Korea’s Lotte Mart in Hà Nội. – Photo lottemart.com.vn Viet Nam News HÀ NỘI — Fifteen Vietnamese enterprises will participate in the upcoming Korean Sourcing Fair in Seoul next month to seek new co-operation opportunities. Co-organised by the Vietnam Television Cable Corporation (VTVcab) and the Việt Nam Chamber of Commerce and Industry (VCCI), the event will also include the participation of 130 South Korean firms.   During the event, slated to be held on April 15, businesses from the two nations will have a chance…

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Vietnam 

More foreign investors join VN’s securities market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Two foreign investors are tracing market swings. Nearly 29,500 foreign investors have been granted securities trading codes so far. — Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — About 190 foreign investors were granted securities trading codes in February, bringing the total number of foreign investors participating in Việt Nam’s securities market to 29,454, according to statistics of the Việt Nam Securities Depository (VSD). The number of new foreign investors joining the securities market in February was the lowest since January 2017, 75 fewer than January and 261…

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