What’s going on? China announced plans to separate Alipay (payment app with more than 1 bil users). What does this mean? Alipay is considered the go-to platform for everything, from ordering food to processing payment. Its profitable lending business helped issue 10% of all China’s non-mortgage loans in 2020. Meanwhile, the Chinese government has been looking to…
Tag: government
Ep 127: The US Economic aid package
What’s going on? Despite taking more than half a year and deteriorating of some many economic indicators, the US government finally put together a $900 billion coronavirus economic aid package. What does this mean? It’ll become the second-biggest economic rescue measure in the US’s history – second only to the $2 trillion aid package passed…
with HT 