Tencent’s WeChat Pay online payment system is set to incorporate its Hong Kong version into mainland Chinese services, the South China Morning Post reports, allowing consumers to pay mainland merchants in Hong Kong dollars. The upgrade will be completed by October, said Tencent in a statement. Service companies such as Didi Chuxing and Meituan-Dianping will […]
Category: Consumer
China’s State Council has published a new list of consumer goods to receive tariff cuts, in a bid to stimulate domestic demand and offset losses from the dispute with Washington, the Wall Street Journal reports. The list, covering over 1,500 items, will include textiles, paper products and electromechanical equipment. The full list has yet to […]
China’s leaders are doing their best to send out warm fuzzy vibes to counter the growing chill, offering to cut import tariffs and denying strenuously that there was ever such a thing as a forced technology transfer policy for foreign firms. Premier Li Keqiang, speaking at the Tianjin alter-Davos, offered a package of friendly policies […]
China is lining up a broad reduction on import tariffs for the majority of its trading partners as early as next month, sources told Bloomberg, as Beijing looks to offset the impact of escalating trade tensions with the US. The sources did not provide details on what products will benefit from the tariff cut or […]
The music-streaming arm of Chinese media giant Tencent is now hoping to raise $2 billion in its upcoming New York offering, according to sources briefed on the deal, just half its original goal. CNBC reports that Tencent Music filed confidentially with the US Securities and Exchange Commission to hold what is expected to be one […]