Ant Group

Users have concerns about giving tech companies their financial data, whether it’s Google, Apple, and Facebook in the US, or Alibaba and Tencent in China.

The Monetary Authority of Singapore said it will issue up to five new digital bank licenses, which will include non-bank players.

The Japanese investment firm has asked its portfolio companies, including the ones in India, to aim at profits.

The country’s central bank previously asked third-party payment platforms to clear obstacles preventing international tourists to use their mobile payment services.

International visitors had cited not being able to use their mobile phones to make payments as a major annoyance.

The first earnings report after Jack Ma’s resignation is an optimistic signal to the market.

Behind the company’s fast expansion there are also billions of net loss.

Innovation and capital are flooding forth on either side of the Pacific Ocean.