Plus, Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to buy a majority stake in PT Bank Danamon Indonesia. Apple saw a 26% decrease in profit in the third quarter.
Plus, UrWork, the leading co-working space operator in China, has rebranded into Ucommune. Uber has agreed to sell its auto-leasing subsidiary Xchange to startup car marketplace Fair.com.
Founded 10 years after the introduction of AliPay, WeChat Pay surpassed the powerful incumbent by introducing Lucky Money and secured its position as the mobile payment leader.