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Insights
05-Sep-19 China’s new digital payment infrastructure - face recognition - could make even QR codes seem old-fashioned. Customers simply pose in front of POS machines equipped with cameras to pay. Alipay will spend USD420 mn on the technology by 2022. [image: Asia Times]
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17-Aug-19 Medtech company Viva Chek, founded in China in 2013, has completed a new round of financing worth "tens of millions of yuan", which will be used for blood glucose monitoring, POCT products R&D, and foreign and domestic market expansion. [image: South Africa Today]
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15-Aug-19 China-based cross-border payment services provider, iPayLinks, has announced its plans to enter Middle East fintech market. The firm is aiming to build up a one-stop payment solution for the Middle East cross-border business. [image: TahawalTech]
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14-Aug-19 Chinese tech giant Huawei will invest USD800 mn in a new factory in São Paulo, as it expands its roots in Brazil and expands efforts in Latin America to compensate for being excluded from the US market. [image: Asia Times]
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02-Aug-19 A Sino-US trade war could tilt the world towards a global recession. Manufacturing activity contracted in China in June and July 2019. In Southeast Asia, Indonesia registered a contraction, but others benefited as trade flows move away from China. [image: Business World]
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