Asia & the Pacific

3 Items

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Magazine Article

Inside China's controversial mission to reinvent the internet

| Mar. 27, 2020

On a cool day late last September, half a dozen Chinese engineers walked into a conference room in the heart of Geneva's UN district with a radical idea. They had one hour to persuade delegates from more than 40 countries of their vision: an alternative form of the internet, to replace the technological architecture that has underpinned the web for half a century. 

Whereas today's internet is owned by everyone and no one, they were in the process of building something very different - a new infrastructure that could put power back in the hands of nation states, instead of individuals.

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Magazine Article

Jack Ma Offers to Supply the US With Covid-19 Tests and Masks

| Mar. 13, 2020

As the US government promises to ramp up more Covid-19 testing, an unlikely billionaire is offering to lend help: Jack Ma, cofounder of the Chinese tech giant Alibaba. Ma's philanthropic organization, the Jack Ma Foundation, said early Friday morning it would donate 500,000 Covid-19 testing kits and 1 million protective face masks to the US.

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Analysis & Opinions

China's Regulatory Realities And Their Global Banking Implications

| Feb. 21, 2020

The continual spread of Open Banking means that regulators and merchants in various markets are becoming more aware of the critical importance of security as data speeds increase. One of the more intriguing markets moving forward with financial innovation is China, where regulators have upgraded both banking and cybersecurity rules in recent years.

The rules — as with Europe’s regulations surrounding financial data collection and use — are intended to keep information safe, while fostering growth for banks and merchants. Since China is one of the more dominant markets in the world, its changing rules are a matter of interest for both lawmakers in neighboring markets and merchants looking to expand into the country.