I’m fascinated by history (hated the subject when I was in school). It is no surprise, that as I learn more about banking and money, one cannot help but be fascinated with paper money or currency notes. The idea and invention of paper money has, for a long time, been one of the most interesting […]
The company is offering 37.5 million American Depository Shares with a float price range of $19 to $22 per share. Alipay-backed Qudian gives small, short-term loans, and primarily targets millennials. Source: Qudian could be biggest Chinese IPO in US this year – BBC News
Came across this “opinion” article, as to why the US Government should block Ant Financial (a Chinese company) from purchasing MoneyGram. What an ass of an article this “Dan Perrin” has written. I hope articles like these never get publish because they can seriously fuck things up for the likes of MoneyGram and Ant Financial because […]
It was just a matter of time before Samsung Pay would enter the $1 Trillion Mobile Market – i.e. China. Apple Pay recently launched in China (about a month back. Read this excellent article by the Telegraph). Samsung which has a pretty strong presence in Asia, because of its low cost phones and a huge […]
China’s Renminbi In today infographic / statistic: China’s Renminbi
The Rise, Rise and Rise of Chinese Mobile Wallets.
Here is a great infographic showing the global rise of the Yuan. Its not wonder that very recently, the Yuan surpassed the Euro as the second most traded currency in the world. Read the story by Bloomberg here.
The Chinese Central Bank (PBC – People’s Bank of China) stepped in with an advisory notice, cautioning banks not to invest and/or trade in Bitcoins as it was not backed by any deposit and is deemed a serious risk. It also cites that trading of Bitcoins amongst individuals is okay, as long as they […]