17 January 2025

Alipay, China’s leading mobile payments platform, will bear the expense from unexpected losses that it incurred on Thursday, when a system error gave a 20 per cent discount to an undisclosed number of user transactions. The error, which was caused by a back-end misconfiguration in the app’s promotional campaign, applied an “immediate deduction” to the […]

US president-elect Donald Trump is planning to release an executive order elevating cryptocurrency as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans. The order is expected to name crypto as a national imperative or priority – strategic wording intended to guide government agencies to

Chinese start-up Zhipu AI said it “strongly disagrees” with a US decision to add the company and its subsidiaries to an export blacklist, as the administration of President Joe Biden released a flurry of trade restrictions just days before he leaves office. The US Department of Commerce on Wednesday added 25 China-based companies and two