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The TECH86 Roundup (Feb. 29 – Mar. 13)

Every fortnight we compile a list of important news updates and events covering the Chinese FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors.

FINTECH Roundup

Alipay Expands Services to Include Food Delivery and Accommodation, Hopes to Digitize 40 Million Vendors by 2023, Via Chinabankingnews.
Al­ibaba’s Ali­pay plat­form said that it hopes to enable 40 million vendors to digitize their services over the next three years via the use of mini-programs.

Contactless Smart Payment Card Developer Macau Pass S.A. Introduces Alipay HK and WeChat Pay HK Integration, Via crowdfundinsider.
Macau Pass S.S., the developer of a contactless smartcard, has now revealed that Alipay HK and WeChat Pay HK will be accepted at all of its terminals across retail outlets in Macau.

Beijing Issues Its First Blockchain-driven Electronic Invoices, All Car Park Integrated into E-Fapiao System, Via Chinabankingnews.
The Chinese capital has just issued its first blockchain-based electronic fapiao (invoice).

China’s commercial banks speed up the overall digital transformation due to the epidemic, Via Weiyang.
The novel coronavirus outbreak in China forced China’s commercial banks, especially small and medium-sized banks, to accelerate the pace of digital transformation.

MFGTECH Roundup

“New infrastructure” to bring digital opportunities for Chinese economy, Via Xinhua.
China is accelerating the construction of “new infrastructure,” which is expected to bring new drivers for the economy, especially in sectors like new consumption, new manufacturing and new services.

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