China’s Tech Firms Spur Cashless Society-Business News and Updates

Chinese tech giants Alibaba and Tencent are driving the adoption of mobile payments in the country, pushing aside banks for a growing role in everyday commerce, per The Wall Street Journal. China’s total mobile payments more than quadrupled to $9 trillion in 2016 from the prior year, iResearch Consulting Group estimated. That dwarfs the 40% growth […]

Demolitions, Dent in Sentiment to Cut December 31st revenues by 25%

The ongoing demolition drive and “negative sentiment” following the Kamala Mills fire tragedy will shave off the business of city restaurants and pubs by 25 per cent during the New Year celebrations, said an industry source. Fourteen persons died in a fire at a roof-top pub in Kamala Mills compound in Central Mumbai yesterday. “The […]