China


Payoneer lands funding from China Broadband Capital

Cross-border payments company Payoneer announced today it has received funding from China Broadband Capital (CBC). While the amount of funding was undisclosed, the company specified that this week’s Series E-1 round follows the $220+ million Series E round received last year. This adds to the company’s total funding amount, which previously stood at $270 million.

Concur launches e-receipt solution for WeChat

Business expense management firm Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant, reports David Penn at Finovate (Banking Technology’s sister company). The technology, Concur e-Fapiao (it means “e-receipt”), gives employers real-time access to an employee’s […]

Amazon selling part of China cloud business for $300m

Amazon is selling off a portion of its cloud computing business in China to a local partner, but the company still plans to compete in what is a growing market for cloud-based services and infrastructure, reports Enterprise Cloud News (Banking Technology’s sister publication). Beijing Sinnet Technology will buy a portion of Amazon’s cloud business for […]

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