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SINGAPORE: The much-anticipated arrival of virtual banking in Singapore is unlikely to be an "aha” moment for consumer finance, but corporate banking will be different. One should expect disruption.The application period for Singapore’s first internet-only lenders ended last week with five known hopefuls, so far, for as many licenses on offer.
IT’S a record for a Malaysian educationist, probably even the world, to single-handedly set up seven universities in Africa – and Tan Sri Lim Kok Wing has done just that.
SINGAPORE: Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.
HONG KONG (Bloomberg): Billionaire Jack Ma’s Ant Financial has applied for a digital banking license in Singapore, as China’s largest online financial platform steps up efforts to expand outside the mainland.
BEIJING (China Daily/ANN): China will continue to lead growth in the global luxury goods market, with the boom in the online luxury retail industry especially in lower-tier cities due to growing demand from tech-savvy consumers who tend to pursue exquisite and high-end lifestyles, industry analysts and insiders said.
BEIJING: China’s tech industry enters a new year after weathering unprecedented turbulence in 2019, when giants emerged in social media and artificial intelligence only to bear the brunt of Washington’s campaign to contain the world’s No. 2 economy.
It may have been the decade of smartphones, on-demand everything, and Instagram memes, but the prize for the world’s best performing stock in the MSCI World Index (2) goes to a dairy company in New Zealand.
The central bank wants to fix some e-wallet transaction fees at 0.7%, a move that could deter smaller merchants that now pay next to nothing from staying on the e-wallet network or force the latter to increase incentives.
SINGAPORE: The large number of Singaporeans still without good access to financial services will be key to creating a successful digital bank in the country, according to executives from Grab Holdings Inc and Singapore Telecommunications Ltd.
In China, users spent an average of 600 million cumulative hours watching short-form videos, according to the 2019 Internet Trend Report.