Crypto exchange Bybit is expanding into real-world assets by offering tokenized bond funds from PIMCO and China Merchants Bank International. The new RWA Earn platform will feature funds tokenized by DigiFT, using Plume's onchain infrastructure, allowing users to subscribe with USDC.
Pan Qiao, Chairman of Sino-Thai Jiye Investment Group, emphasizes the crucial role of young overseas Chinese merchants in fostering cultural exchange and economic cooperation within the Belt and Road Initiative. He highlights their unique advantages in navigating global markets and promoting mutual understanding and win-win development.
Young overseas Chinese merchants are returning to Zhejiang, China, to invest in real industries like manufacturing, semiconductors, and healthcare. They leverage international experience and advanced technology to drive economic growth and contribute to national development.
New 'cotton candy green grapes' are selling for 60 yuan per jin in major cities, sparking debate over fruit naming conventions. While some praise the unique flavor, others find it overly sweet. This trend of 'misappropriated' fruit names, like 'mango pineapple,' often relies on novelty and patent protection, leading to high prices and polarized consumer opinions.
President Lee Jae-myung made an unannounced visit to Oedo Traditional Market in Gimhae, Gyeongnam, to check on the economy and encourage merchants facing difficulties due to the economic downturn. He interacted with citizens, including taking selfies with students and inquiring about fruit prices.
Overseas merchants at the 10th Silk Road International Expo in Xi'an are seeking to establish a permanent presence, leveraging the China-Europe Railway Express to expand their reach. Exhibitors from South Korea, Nepal, and Iran highlighted their growing product lines and aspirations for logistics hubs in Xi'an to facilitate trade across Eurasia.
Kakao Pay will waive payment fees for new small business merchants until the end of the year. Businesses with annual sales under 500 million won that register by July 30 will benefit from the fee exemption on Kakao Pay Money transactions.
Coupang Eats refuted claims that it is passing on the costs of its free delivery promotion to merchants. The company stated that it covers all costs and that merchants' per-order costs have decreased by approximately 5% during the promotion period.
Crypto platform KuCoin is expanding in Australia, launching a new office and a crypto-backed debit card, KuCard, to facilitate everyday purchases. The move follows AUSTRAC registration and aims to integrate digital assets into daily commerce.
11th century China pioneered the world's first paper money, jiaozi and huizi, transitioning from metal coins to state-backed fiat currency, centuries ahead of the Western world.
SEOUL, May 8 (Yonhap) -- President Lee Jae Myung and first lady Kim Hea Kyung on...
DoorDash on Monday added new AI-powered tools that let merchants speed up onboarding, edit photos to make dishes look better, and create new websites from existing content.
DoorDash on Monday added new AI-powered tools that let merchants speed up onboarding, edit photos to make dishes look better, and create new websites from existing content.
MoonPay announced the MoonAgents Card, a virtual Mastercard debit card allowing AI agents to spend stablecoins directly from crypto wallets at any online merchant. The card converts crypto to fiat at point of purchase without requiring pre-loaded custodial funds, and users can revoke agent spending access anytime. Currently available in the UK and Latin America, with US and EU expansion planned for coming months.
Ant International disclosed at its MoMents 2026 forum in Kuala Lumpur that it has connected over 150 million merchants with 2 billion consumer accounts globally. The company supports 300+ payment methods across 220 markets and processes 20 million daily transactions. It unveiled an open-sourced Agentic Mobile Protocol for AI agents and launched an AI payment processing product through Alipay enabling automatic payments for merchants when AI agents purchase services.
PhonePe has surpassed 50 million registered merchants across India, covering 98% of the country's postal codes. The platform is shifting from simple QR-based payments to a comprehensive suite of financial services, including loans and business tools for small enterprises.
China Merchants Heavy Industry (Jiangsu) has delivered the nation's largest LNG carrier, the 180,000-cubic-metre Celsius Georgetown, marking a significant breakthrough in large-scale clean energy carrier construction. The 298.8-metre vessel is the first of six identical ships ordered by Danish firm Celsius Shipping, with the second due in three months. China Merchants Group chairman Miao Jianmin called it the group's formal entry into the 'core global camp' of large-scale LNG shipbuilders.
DoorDash announced a partnership with Tempo, a Stripe and Paradigm-backed stablecoin platform, to enable stablecoin-powered payouts for Dashers and merchants across its 40+ country marketplace. The move addresses settlement delays that affect worker cash availability and merchant working capital. DoorDash co-founder Andy Fang cited faster, more affordable payouts as the key appeal. This represents one of the clearest signs that stablecoins are moving into mainstream operational infrastructure for large platforms.
DoorDash, küresel ödeme altyapısını güçlendirmek amacıyla Stripe destekli Tempo ile stablecoin tabanlı ödeme sistemlerini entegre etmeye başlıyor. Bu adım, kripto paraların ana akım ticarette işlem altyapısı olarak kullanımını artırma potansiyeli taşıyor.
Ha Sung-ki has sold large speakers to churches and event halls from his electronics shop inside Seoul's Sewoon Plaza for 42 years. Now, fewer than 10 customers visit daily, down from the bustling merchant network of the past. Redevelopment rumors and the disappearance of vintage electronics culture have nearly emptied the historic shopping corridor.
Chinese banks are increasingly using satellite remote sensing to evaluate client assets and reduce credit risks. Postal Savings Bank of China and Chang Guang Satellite Technology recently launched a joint satellite to monitor collateral such as property and vehicles. The technology helps banks assess loan viability and repossession potential, particularly in rural and small business markets where traditional credit records may be incomplete. China's non-performing loan rate stood at 1.5% at end of last year, up from a record low of 0.9% in 2011.
The ECB signed deals with three standards bodies to reuse open payment standards for the digital euro and lower integration costs for banks and merchants.
DoorDash announced plans to integrate stablecoin payments through Tempo blockchain, allowing users, delivery drivers (dashers), and merchants to settle transactions using digital currency. The partnership aims to provide faster payouts, lower cross-border costs and greater transaction flexibility across more than 40 countries. DoorDash co-founder Andy Wang said faster, affordable payments for merchants and dashers would benefit the entire ecosystem.
A consortium led by Sino Land with mainland state-backed developers China Overseas Land & Investment and China Merchants Land has won the tender for Kam Sheung Road Station Phase Two development in Hong Kong's Northern Metropolis. The group plans to invest over HK$13 billion (US$1.7 billion) in residential projects, marking the first notable large-scale project in the Northern Metropolis initiative aimed at creating an international innovation and technology hub.
