Bitcoin Gains More Approval In China
Bitcoin, the alternative digital currency used around the world, has gained new momentum in China with an approved investment into one of China's largest bitcoin trading markets.
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MasterCard Teams With Chinese Bank For Virtual Payments
China CITIC Bank and MasterCard have signed a memorandum of understanding for strategic cooperation in the virtual payments space within and outside China.
Chinese Internet Behemoth Plans Retail Banks
Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission.