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.

U.S. PRESIDENT TRUMP BANS TRANSACTIONS WITH EIGHT CHINESE APPS

Highlights

• With just over two weeks left before his exit, President Trump is leaving no stone unturned to take on China

• Reports state that this decision has been taken to curb the threat to Americans posed by Chinese software applications as they have larger user...

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...