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Tencent

Fintech
·Aug. 4, 2020

China’s New Digital Currency Tries to Limit Dominance of Alibaba and Tencent

The People’s Bank of China has recently launched a trial version of their digital currency which they hope will reduce...
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FintechUSAEurope
·Jun. 29, 2020

More News for June 29th, 2020

WhatsApp, Brazil Central Bank In Talks To Restore Payments Service Volcker Rule reforms expand options for raising VC funds CMG...
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News RoundupFintechUSA
·May. 14, 2020

Tencent Introduces Credit Scoring

WeChat Pay will begin rolling out a credit rating for their 600 million users; the credit rating uses AI to...
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FintechUSANews Roundup
·May. 1, 2020

Tencent Buys a 5% Stake in Afterpay

The Chinese tech giant Tencent has purchased a 5% stake in Afterpay worth A$390 million (US$252 million) according to the...
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FintechNews Roundup
·Jun. 6, 2019

HSBC Launches Digital Wallet for Small Businesses in Hong Kong

HSBC has launched a digital wallet in Hong Kong that targets startups and other small businesses; the bank said they...
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FintechAsia/Pac
·Jul. 8, 2020

Airwallex is Trying to Overhaul the Traditional Payments System

As most companies were trying to figure out how to handle the economic downturn Airwallex was able to raise $160mn;...
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News RoundupFintech
·May. 27, 2020

Tencent & Alibaba Find Value in Buy Now Pay Later

Chinese giants Tencent and Ant Financial have found value in the buy now pay later industry with the companies buying...
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LatAmNews RoundupFintech
·May. 7, 2020

Coronavirus Having Significant Impact on Digital Banking in Argentina

Both Tencent and SoftBank have invested in the company called Ualá which is seeing massive growth during the coronavirus crisis;...
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FintechUSANews Roundup
·Jan. 16, 2020

Payments App Lydia Raises $45mn

French based payments app Lydia has raised a $45mn series B round led by Tencent with existing investors CNP Assurances,...
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News RoundupFintechAsia/Pac
·May. 10, 2019

Hong Kong Approves 4 Significant Digital Banking Licenses

Hong Kong has approved 4 more digital banking licenses for Tencent, Alibaba, Xiaomi and Ping An; the approvals are sure...
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