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Ant Financial Technology Achieves Significant Progress in Six Months of Independent Operation, With Overseas Expansion as a Key Strategy
Ant Financial Technology Achieves Significant Progress in Six Months of Independent Operation, With Overseas Expansion as a Key StrategyOn March 19, 2024, Ant Group Chairman and CEO Jing Xiandong announced in an internal letter that Ant Financial Technology would become one of three independently operated subsidiaries of Ant. Over 170 days later, the first CEO of Ant Financial Technology, Zhao Wenbiao, publicly shared the company's business progress and strategic layout at the 2024 InclusionBund Summit media briefing, showcasing Ant Financial Technology's new look after its independent operation...
Blockchain 2024-09-07 13:13:38 -
Bitcoin Drops Below $55,000, Reaching a New Low Since August
Bitcoin Drops Below $55,000, Reaching a New Low Since AugustOn September 6th, Bitcoin fell below $55,000, experiencing a 1.7% intraday decline, marking its lowest point since August 8th...
Blockchain 2024-09-07 12:56:32 -
Cryptocurrencies tightly linked to stock market: Tonight's nonfarm payroll data is key
Cryptocurrencies tightly linked to stock market: Tonight's nonfarm payroll data is keyThe relationship between cryptocurrencies and the stock market is becoming increasingly intertwined, especially under the influence of recent economic data. Data compiled by Bloomberg shows that the correlation coefficient between cryptocurrencies and the MSCI World Index is close to 0...
Blockchain 2024-09-06 17:11:30 -
China's Six Major State-Owned Banks Accelerate Digital Yuan Applications: Hardware Wallets and Cross-Border Payments Highlight Breakthroughs
China's Six Major State-Owned Banks Accelerate Digital Yuan Applications: Hardware Wallets and Cross-Border Payments Highlight BreakthroughsLatest interim report information shows that major state-owned banks are actively expanding the application scenarios of the digital yuan, and have made breakthroughs in areas such as hardware wallets and cross-border payments.Cailian Press reporters have analyzed the semi-annual reports of the six major state-owned banks for 2024 and found that, except for Bank of Communications, the other five major banks have all highlighted their digital yuan business, with remarkable achievements...
Blockchain 2024-09-06 13:35:26 -
Ant Group's Ant Financial Enters Its Second Year of Independent Operations: Customer Base Grows 35%, Three Business Segments Focus on Industry Digitalization
Ant Group's Ant Financial Enters Its Second Year of Independent Operations: Customer Base Grows 35%, Three Business Segments Focus on Industry DigitalizationSince its independent operations in March this year, Ant Financial has continued to push forward in the field of industrial digitalization and achieved notable results. The company's CEO, Zhao Wenbiao, recently announced the business progress and strategic layout at an exchange meeting...
Blockchain 2024-09-06 12:08:40 -
Digital Yuan Transaction Volume Reaches 7 Trillion Yuan
Digital Yuan Transaction Volume Reaches 7 Trillion YuanLu Lei, Deputy Governor of the People's Bank of China, stated on September 5th that the cumulative transaction volume of the digital yuan reached 7 trillion yuan as of the end of June this year. This figure indicates substantial progress made by the digital yuan in recent years, solidifying its position as an integral part of China's financial system...
Blockchain 2024-09-05 21:56:59 -
WeChat Pay Lands on Taobao, Marking a New Era of Cross-Platform Collaboration Between E-commerce Giants
WeChat Pay Lands on Taobao, Marking a New Era of Cross-Platform Collaboration Between E-commerce GiantsOn the afternoon of September 5th, Taobao announced that it would gradually enable WeChat Pay for all Taobao and Tmall merchants starting from September 12th. This adjustment will cover all Taobao and Tmall merchants, signifying the full integration of WeChat Pay into the Taobao platform and marking a landmark event in the interconnectivity between Alibaba and Tencent ecosystems...
Blockchain 2024-09-05 18:54:12 -
Ant Group and Bank of Ningbo Sign Strategic Cooperation Agreement to Deepen Cooperation in Six Areas
Ant Group and Bank of Ningbo Sign Strategic Cooperation Agreement to Deepen Cooperation in Six AreasOn September 4, Ant Group and Bank of Ningbo signed a strategic cooperation agreement, under which the two parties will deepen cooperation in six areas, including retail credit, digital payment, wealth management, and technological innovation, based on the principle of "mutual openness and mutual benefit." This cooperation will focus on strengthening exchanges and cooperation in digital technology and basic technology applications, accelerate the construction of a new ecosystem for the development of internet + finance, and jointly promote the high-quality development of the real economy...
Blockchain 2024-09-05 18:47:06 -
Room for Reserve Requirement Ratio Cut Remains, While Deposit and Loan Rate Decline Faces Multiple Constraints: Interpreting the Latest Signal of the PBOC's Monetary Policy
Room for Reserve Requirement Ratio Cut Remains, While Deposit and Loan Rate Decline Faces Multiple Constraints: Interpreting the Latest Signal of the PBOC's Monetary PolicyOn September 5th, the State Council Information Office held a press conference where Lu Lei, Deputy Governor of the People's Bank of China (PBOC), Li Hongyan, Deputy Director of the State Administration of Foreign Exchange (SAFE), and other relevant officials from the PBOC and SAFE attended to respond to the latest developments on hot topics such as monetary policy, the foreign exchange market, and digital RMB. This press conference provided an important window for the outside world to interpret the direction of China's monetary policy and conveyed a series of key signals...
Blockchain 2024-09-05 18:42:06 -
Steady Progress in Digital Yuan Application, Transaction Volume Reaches 7 Trillion Yuan
Steady Progress in Digital Yuan Application, Transaction Volume Reaches 7 Trillion YuanLu Lei, Deputy Governor of the People's Bank of China (PBOC), stated at a press conference on September 5th that the digital yuan's popularization and promotion are progressing smoothly. Currently, pilot programs are underway in 17 provinces, autonomous regions, and municipalities, with a cumulative transaction volume reaching 7 trillion yuan...
Blockchain 2024-09-05 18:40:51 -
Ant Group and Ningbo Bank Establish Strategic Partnership to Deepen Collaboration in Six Key Areas
Ant Group and Ningbo Bank Establish Strategic Partnership to Deepen Collaboration in Six Key AreasRecently, Ant Group and Ningbo Bank signed a strategic cooperation agreement, outlining plans for deepened collaboration in six key areas: retail credit, digital payment, wealth management, technology innovation, and more. This partnership will prioritize the exchange and collaboration in digital technology and fundamental technology applications, including but not limited to joint exploration of innovations in large language models, big data, high-performance computing, blockchain, digital currency, and indigenous innovation...
Blockchain 2024-09-05 18:06:42 -
The Era of Highly Active Digital Asset Circulation is Coming: Tokenization Drives New Economic Vitality
The Era of Highly Active Digital Asset Circulation is Coming: Tokenization Drives New Economic VitalityOn the afternoon of September 5th, at the InclusionBund Summit Web3 sub-forum, Yan Ying, Chief Scientist of Ant Group, made the judgment that as Web3 technology gradually matures and becomes more widely adopted, assets, data, and physical objects in the physical world will be tokenized and seamlessly integrated with the digital world. Tokenization will make transactions more efficient, accelerate asset circulation, and unleash economic growth...
Blockchain 2024-09-05 17:07:27
