Tencent invests an undisclosed amount in Canadian coffee chain Tim Hortons; the firm is aiming to reach 1.5k stores in China.
WeChat Pay creates a a credit rating, called 'payment points', which is calculated by AI assessment of their consumer records and other factors.
Nielsen Norman Group (NNG) examined the face recognition payments (FRP) services offered to Chinese merchants and consumers by Alipay, WeChat and JD.com in China, of which both convenience and security concern were highlighted by users.
China-based SaaS firm Lingxi raises $6.2M Series A, the startup provides AI-powered decision-assistance tools to the financial services industry.
China-based ride-hailing firm Didi Chuxing plans to test a freight delivery project, follows a downturn in Didi’s main business amid the coronavirus pandemic.
Ant Financial has announced to invest US$73.5 million in fintech firm Wave Money as part of a strategic partnership to boost financial inclusion in Myanmar.