The Best Reads of the Week From Caixin
Cryptocurrency investors were caught off guard after the Chinese government banned all crowdfunding of blockchain-backed coins in the territory. At least two-thirds of “initial coin offering” platforms in China have shuttered during the week, and coin prices have also had a roller-coaster ride.(http://www.caixinglobal.com/2017-09-07/101142085.html)
The first-half earnings reports of Chinese banks indicated a deepening divide between well-capitalized and small lenders — largely a result, albeit not entirely intentional, of the government’s deleveraging efforts.(http://www.caixinglobal.com/2017-09-07/101142049.html)
Beijing became the latest Chinese city that said “Enough!” to shared bikes. The government said no more new vehicles can be placed on the capital’s streets, which are already littered with over 2 million two-wheelers.(http://www.caixinglobal.com/2017-09-08/101142146.html)
E-commerce giant Alibaba is reportedly building its first brick-and-mortar store. The move resonated with what founder Jack Ma said earlier that the future of e-commerce will be an integrated online and offline experience.(http://www.caixinglobal.com/2017-09-05/101141005.html)
Last but not least, a recent suicide committed by a woman in labor — who allegedly jumped out of a hospital window after being refused a cesarean section — prompted the country to reflect whether women should be given more of a say on their childbirth options.（http://www.caixinglobal.com/2017-09-06/101141542.html)
The answers are in five stories this past week that I don’t want you to miss.
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Managing editor, Caixin Global
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas