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Chinese Social Media Startup Seeks Funds At $6B Valuation

PYMNTS

Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It was started in 2013 as a community online that would recommend eCommerce sites outside of China.

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How to Write a Social Media Policy for Your Financial Institution

Long Lasting Ideas

The expansion of social media in the workplace and for personal use has made it vital for financial institutions to include a specific social media policy within its policies and procedures. 8 Steps to Create Your Social Media Policy. IBM Social Computing Guidelines.

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China’s WeChat Exposes Debtors Via Social Media

PYMNTS

In order to continue using the app, users had no choice but to accept the privacy policy, which stated that a significant amount of data would be shared with the government in order to comply with laws and regulations. Some of the data included contacts and anything searched online when using the app.

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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

Haldane said the adoption of digital currencies would cause a structural shift in monetary policy, and more consideration should be given to its potential benefit. Meanwhile, online gamblers are taking advantage of bitcoin’s surging prices to cash out their winnings in cryptocurrency, Bloomberg reported.

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How Fintech Organizations Can Better Leverage Social Media

William Mills

Social media has become an extension of an organization’s brand, and there are many aspects fintech organizations should consider as they build their online presence and brand identity. In our article, Social Media: The Basics , we offer best practices for addressing negative comments and increasing engagement.

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Amazon Pay: How Brands Can Create Trusted Conversations With Consumers Online

PYMNTS

There are many ways to mark the massive shift to digital that’s happened in the past six months, from baby boomers who’ve moved online after favoring real-world shopping to merchants who’ve made a hard shift toward digital and omnichannel. She said a “trust halo” that surrounds the payment product often acts as a boost for other brands.

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Credit Unions Shun Online Ads For Content To Acquire Customers

PYMNTS

In August, Facebook instituted changes to its advertising policies as the result of a settlement it reached with anti-discrimination groups and the federal Department of Housing and Urban Development (HUD). Consumers, as a rule, don’t love advertisements — especially on social media, where they are bombarded with ads.