![]() This cookie is installed by Google Analytics. The cookies store information anonymously and assigns a randomly generated number to identify unique visitors. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. These cookies can only be read from the domain that it is set on so it will not track any data while browsing through another sites. This cookie is used to track how many times users see a particular advert which helps in measuring the success of the campaign and calculate the revenue generated by the campaign. This cookie is set by Google and stored under the name. The cookies collect this data and report it anonymously. It helps us understand the number of visitors, where the visitors are coming from, and the pages they navigate. Ofo and Mobike aren’t doing so well in Singapore / TechNodeĪnalytics cookies help us understand how our visitors interact with the website. Tencent’s charity arm is innovating with micro-donations / TechNodeĬadillac, after years of struggle, has found its sweet spot: China / WSJ (paywall)īeijing deals with overseas car groups under strain / FT (paywall) Tencent Music seeks pre-IPO funds at $10 billion value / Bloomberg Profit growth at state factories beats private firms / CaixinĬhina will be the world’s biggest film market by 2020 says media regulator / China Film InsiderĬhinese box office smash hit ‘Wolf Warriors’ set to become TV show / China Film InsiderĬhina company scraps deal for Hollywood’s millennium films / Bloomberg Gray rhinos and overseas investment ( ? )Īnbang sells stakes in Chinese megabanks amid troubles / Financial TimesĬhinese owner of Lenovo to buy major stake in Luxembourg bank / NYT (paywall)Ĭhina’s manufacturing activity blazes to six-month high, Caixin survey finds / Caixin.Lattice to seek Trump approval of China-backed takeover / Reuters Rather, it is experiencing growing pains.” “Apple’s business in China is not imploding. Note that EY defines fintech as “organizations combining innovative business models and technology to enable, enhance and disrupt financial services,” and its criteria for someone who has “adopted” the use of fintech is having “used two or more Fintech services in the last six months” (see pages 5-6 in report). ![]() ![]() ![]() EY argues that “although statements about future intent have limited reliability, they are nevertheless directionally indicative of consumer sentiment” (see page 20 in report). After gathering that data from 22,000 respondents, EY did an interesting thing: It “asked respondents about their future anticipated use,” and found that in India, 80 percent said they anticipated themselves becoming fintech users in the future, while in China, 77 percent said the same.The world average - also the rate in the U.S. Currently, 69 percent of China’s population has transitioned to fintech, while India has 52 percent adoption.But a study by accounting firm EY shows that China may soon have competition for this title from India, TechNode reports. Less than a third of the country does not use any form of fintech or digital payment service. China is the world’s leader in adoption of new financial technology (fintech), which allows users to make payments and borrow, save, or invest money on the internet or by mobile phone.
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