It is not so long ago since Chinese banks stopped using an abacus as a calculator. Nevertheless, China is a global leader in financial technologies, especially in consumer and financial service innovation, including blockchain, cloud computing and IoT.
Obs! This event has been cancelled. the continuing Tech Crackdown. Chinese regulators are tightening its control over technology firms in dramatic ways that we have not seen before. This is also the reason why we have decided to make a few adjustments to the autumn program. The current business context for big tech in China is sensitive and therefore we have decided to push the Fintech session on Sep. 21st forward in the calendar until we can get access to the best speakers again.
This Masterclass is organized by China Experience and a part of #STAY CURIOUS – MasterClasses on key insights and new ideas from China. IDA Members get a 65% discount.
Next step is the launch of the world’s first official digital currency which is expected to further accelerate development of China’s digital economy and potentially impact global financial systems.
To a large degree, the fintech revolution has been driven by the development of mobile payment systems, a pivotal point for the world’s largest e-commerce market. The fierce competition for Chinese consumers has become a battle for their digital wallets and it is unsurprisingly led by companies, incubated in corporate giants like Alibaba, JD, Ping An and Tencent.
China has moved rapidly toward a cashless economy and according to a PCW study 86 percent of people in China used mobile payment platforms to make purchases in 2019 which is more than double the global average. That is the reason why China has become a window into the future of payments and financial transaction.
Join this session to meet two of China’s leading fintech companies and find out why and how platform companies like Douyin (sister company of TikTok) broaden their scope with payments.
As an IDA member you get a 65% discount.
- DKK 210 IDA-members (Apply Voucher IDA65)