China

🇨🇳 Chinese Startup Shakes Up AI Market, Wiping Out $593B from Tech Giants! 📉 Members Public

🇨🇳 Chinese Startup Shakes Up AI Market, Wiping Out $593B from Tech Giants! 📉 Since ChatGPT launched, American companies seemed to have AI on lock. But a small Chinese startup, DeepSeek, just flipped the script. By using fewer chips and cutting costs, they proved they can compete with OpenAI and the biggest

Morgan Ellis
AI

🇨🇳 Bombshell in the 📉 Financial Market: DeepSeek, China's AI, Crashes Bitcoin and Shakes Markets! 🇺🇸 Members Public

🇨🇳 Bombshell in the 📉 Financial Market: DeepSeek, China's AI, Crashes Bitcoin and Shakes Markets! 🇺🇸 ➡️DeepSeek's Impact on the Global Economy! Bitcoin started the week with a sharp drop , plunging from US$ 105,000 to US$ 97,750 within hours. The cause? DeepSeek, a groundbreaking artificial intelligence developed

Morgan Ellis
DeepSeek

😸 Japan 🇯🇵: Alibaba 🇨🇳 launches TAO, its international e-commerce platform Members Public

😸 Japan 🇯🇵: Alibaba 🇨🇳 launches TAO, its international e-commerce platform It looks like Amazon and Rakuten will soon have some new competition. TAO offers over 3 million products across various categories, along with localized services such as customer support and personalized recommendations. ➡️ Payment Methods: In Japan, where PayPal is widely used, TAO

Morgan Ellis
news

💰 "Alibaba E-Commerce Business Group" to Merge Chinese 🇨🇳 and International Platforms Members Public

💰 "Alibaba E-Commerce Business Group" to Merge Chinese 🇨🇳 and International Platforms Alibaba has consolidated its operations under a unified administrative structure by restructuring its business model. ▶️ Specifically, Taobao and Tmall Group will merge with the Alibaba International Digital Commerce Group, which oversees cross-border services like the popular AliExpress, the

Morgan Ellis
news

⚡️ Singapore's DBS Bank🇸🇬 launches the UnionPay Diamond Multi-Currency Debit Card Members Public

⚡️ Singapore's DBS Bank🇸🇬 launches the UnionPay Diamond Multi-Currency Debit Card It seems that no similar products currently exist in the world. ▶️ The card enables direct payments in 14 currencies, including HKD, RMB, AUD, CAD, DKK, JPY, NZD, NOK, SGD, SEK, CHF, GBP, USD, and EUR, with no conversion

Morgan Ellis
news

📱Mastercard launches Pay Local service to expand card payments Members Public

📱Mastercard launches Pay Local service to expand card payments Mastercard's new solution aims to cater to consumers who use local digital wallets, eliminating the need for creating or reloading prepaid accounts. ▶️ What’s new❓ — The service integrates Mastercard with major digital wallet providers such as Alipay and Weixin

Morgan Ellis
news

💰 Strategic Alliance: Standard Chartered 🇬🇧 to Serve as External Custodian for OKX's Institutional Crypto Investors 🇨🇳 Members Public

💰 Strategic Alliance: Standard Chartered 🇬🇧 to Serve as External Custodian for OKX's Institutional Crypto Investors 🇨🇳 Standard Chartered, a UK-based financial institution, offers banking and treasury services, with approximately 90% of its revenue generated from Asia, Africa, and the Middle East, rather than the EU. ▶️ According to OKX representatives, this

Morgan Ellis
news

🎉 HSBC UK 🇬🇧 Launches Cross-Border Virtual Account Solution for E-Commerce Payments Members Public

🎉 HSBC UK 🇬🇧 Launches Cross-Border Virtual Account Solution for E-Commerce Payments This new solution allows customers, particularly Chinese 🇨🇳 e-commerce merchants, to receive payments in euros and British pounds directly into their local accounts, helping them avoid additional currency conversion and transfer fees. ➡️ The virtual account system assigns each business a unique

Morgan Ellis
news