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Dubai’s Mashreq carves out payments unit amid e-commerce boom
Dubai's Mashreqbank PSC has grown its payments arm into a new unit, NeoPay, to focus on handling businesses' credit and debit card payments during the pandemic-fueled ecommerce boom.
Hong Kong waitress arrested in connection with online romance scam that duped US lawyer out of US$2.6mil
The suspect is accused of being the holder of a local bank account used to launder the proceeds of the scam. The Michigan-based victim was tricked into making millions of dollars’ worth of bogus investments by a woman he befriended on a dating app.
Twitter begins testing 'Shops' feature to grow ecommerce
(Reuters) - Twitter Inc will experiment with allowing companies to showcase up to 50 products for sale on their profiles, the company said on Wednesday, part of an effort to gain a piece of the $45 billion U.S. market for so-called social commerce.
Fake news? Users debate over frozen squid rings on social media
A story from 2013 may have sparked a new social media rumour claiming frozen squid rings are made from pork rectum.
SG woman lost S$17,000 she had saved for her wedding to a job scam
It took her two years to save up the S$17,000 (RM52,571) she needed for her wedding, and in just one day in September last year, she lost the money to a job scam.
Book of social media quotes from TikTok owner Zhang Yiming becomes a must-read amid tech billionaire’s silence
Both hard and soft copies of Zhang’s quotations are available on online marketplaces such as Taobao and Pinduoduo for up to 20 yuan a copy. Zhang would post up to 10 times a day on Weibo in the early 2010s, talking about everything from his wife, his back pain, job postings, to book and film reviews.
MySejahtera temporarily disables Covid-19 self-test kit purchase feature on app
MySejahtera advised users who need self-test kits urgently to purchase from community pharmacies and health facilities.
Cryptocurrency crime in Hong Kong hits record levels, with one victim losing HK$124mil to fraudsters
Police say trend is down to more people staying home and going online amid Covid-19 pandemic. Crimes involving the digital currency tend to fall into categories such as money laundering, online shopping scams, or investment ruses.
Dorsey-led $29 billion deal delivers prompt payday for Afterpay founders
SYDNEY (Reuters) - A tweet by Kim Kardashian promoting Afterpay as a way to buy her beauty products may have proved pivotal for the Australian buy now, pay later pioneer, whose founders have since joined the reality TV superstar as billionaires.
‘Made in China, sold on Amazon’ merchants scramble to minimise losses after US platform closes over 50,000 Chinese shops
Several Chinese merchants failed to agree to a legal strategy to challenge Amazon’s ban of their shops for alleged fake reviews. Amazon, whose terms do not allow for class-action lawsuits, is holding onto millions of dollars in assets belonging to the e-commerce sellers, lawyers say.
