Plus, Singapore Airlines (SIA) is packaging its airline loyalty programme KrisFlyer into a digital wallet. India’s largest online retailer Flipkart reported a 68% jump in losses.
Chinese authorities worried that a large armada of online lenders would leverage Tencent’s credit-scoring services to market suspicious financial products.
Plus, Asia Law Network has expanded its Quick Consult service to Hong Kong, Thailand, Vietnam, Australia and Indonesia. India will move to stamp out use of cryptocurrencies.
Plus, Tencent, Alibaba is buying 33 percent in Ant Financial. Saudi Arabia’s state-owned oil giant and Google parent Alphabet are in talks to build a technology hub.
Ant Financial has expanded its footprints outside of China, through offering services or investing in local players, in countries like India, South Korea, Singapore, Thailand, Malaysia, the US, Japan,