ant financial

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India needs stronger data protection laws for its Chinese-funded fintech startups

If foreign investors hold a substantial stake in a company, they could compel it to part with customer data.

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China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan

The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it […]

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After Facebook deal, Reliance Jio rakes in $747 million from PE giant Silver Lake

It is at a 12.5% premium over Jio’s equity value in the Facebook deal.