CHINA TO DOLE OUT $1.5 MILLION IN A DIGITAL CURRENCY PILOT RUN DURING LUNAR NEW YEAR

• Beijing will dole out about $1.5 million in a limited trial run of the central bank’s digital currency, as told by the municipal government over the weekend.
• A sum total of 10 million yuan will be handed out through about 50,000 packets of 200 yuan, or about $30, each.

ALIBABA’S TURN TO REJOICE AMIDST STUNNING PROFITS AND IPO BLACKLISTING

• Chinese e-commerce leader Alibaba on Thursday registered 30% year-on-year revenue growth for the July-September quarter, finally delivering some heartening news amidst turmoil over its Ant Group affiliate's abandoned IPO.
• Hangzhou-based Alibaba stated revenue -- a pivotal m...

ALIPAY-THE OMNIPRESENT APP TO GET AROUND IN CHINA

• The most significantly important item to have for Chinese citizens whenever they are on or an outing or hailing a cab on a moonlit night is the Alipay smartphone app.    
• As always, the smallest but smartest thing to carry in possession during a recent outin...

IMPACT OF TRUMP’S WeChat BAN ON U.S. BUSINESSES IN CHINA

The President of the United States, Donald Trump recently signed an executive order to ban WeChat, a mobile-payment app that is owned by Chinese technology giant Tencent Holdings.
According to the market analysts and experts, the impact of a ban of WeChat will more than on TikTok. The busi...