People’s Bank of China

One of the fastest-growing apps in China right now, by installs, is the central bank’s digital yuan wallet: 261 million individual users (as opposed to enterprises), about one-fifth of the…

China’s digital yuan wallet now has 260 million individual users

In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been the largest initial public offering in…

Ant is changing how consumers borrow money from its app