The Chinese government has unleashed havoc against some of the country’s largest corporations. It may backfire.

The role of banks as the primary source of financial services is being gradually eroded; they may soon be butting heads with the likes of Amazon and Facebook

Chinese e-commerce giant Alibaba said it expects to spend $15bn on R&D over the next three years

China’s leading mobile payments group continues its ambitious international expansion, this time focusing on the flourishing South Korean fintech market