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China Expects Economy To Improve In 2021 As Region Sees Boost In Tourism

PYMNTS

Speaking at a news conference with leaders of six major international economic and financial groups, including the World Bank and International Monetary Fund, Li said the country's economy “this year can achieve positive growth, and we expect next year (economic) operations can recover to a reasonable range,” Reuters reports.

Regional 195
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China’s Ant Group Mulling Creation Of New Consumer Loan Unit

PYMNTS

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant Group had planned to go public for $35 billion, which would have made it the largest IPO in market history. On Tuesday (Jan.

Groups 141
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How To Do Better Against National Bank Lending Competition

South State Correspondent

Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. The peer group is 257 banks between $500mm and $1B in assets in the mid-west.

National 195
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WeTrade Platform's Nasdaq Transfer From OTC Could Raise $121 Million

PYMNTS

The Chinese eCommerce services startup WeTrade Group is looking to raise about $121 million in its transfer from the OTC board to Nasdaq, according to the S-1 filed with the U.S. Currently listed on the OTC under the symbol WETG, the membership-based eCommerce platform WeTrade has a market cap of $1.7

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Deep Dive: Why QSRs Should Lean On Loyalty To Personalize Mobile, Online Dining

PYMNTS

consumers shifted from dining in to ordering out when the pandemic began and approximately 26 million of these customers plan to keep ordering food online once it ends. . Online engagement differs significantly between more-populated and less-populated areas, for example. Recent PYMNTS research found that 31.6 million U.S.

Online 142
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Walmart CEO Says Indian Market Is A Priority, Praises ‘Level-Playing Field’

PYMNTS

Walmart CEO Doug McMillon went on a two-day trip to Bangalore, India and said his company is committed to the Indian market, and that the country presents a huge opportunity, according to reports. McMillon was asked about the changes to India’s market, such as the regulations put in place on Feb.

Marketing 156
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Google Eyes Investing In Indonesia’s eCommerce Hub Tokopedia

PYMNTS

The Indonesian eCommerce retailer backed by SoftBank Group Corp. ’s In 2018, SoftBank ’s Vision Fund and Alibaba Group Holding Ltd., Bloomberg reported America’s largest internet corporations are eyeing Asia where the region is exploding with smartphones and tech-savvy residents. s Vision Fund has also met with Facebook Inc.

Google 264