PayPal: the First Foreign Company to Aquire Chinese Payments License

PayPal

PayPal became the first foreign company to acquire payments license in China after buying a majority stake in Guofubao (Gopay), a Chinese payments group. Guofubao said on Monday, September 30 that the central bank approved Paypal’s acquisition of 70% stakes in the company for an undisclosed sum. After two years of promises from Beijing, the … Read more

Chinese Coast Guard Rescues Two Of Five Mising Filipino Fishermen

Chinese Coast Guard Rescues Two Of Five Mising Filipino Fishermen

Chinese coast guard has rescued Filipino Fishermen near disputed Scarborough Shoal. Chinese coast guard has rescued two of five missing fishermen near disputed Scarborough Shoal. They failed to return home after going out to contested waters. China’s assistance to the rescue operation of the Philippine Coast Guard (PCG) was a big help. According to a … Read more

Chinese Coast Guard Modus Operandi Caught In Indonesia’s Territorial Sea

Indonesia Encountered Chinese Coast Guard In Indonesia’s Natuna Islands Chinese coast guard vessel was caught by Indonesian patrol boat in the vicinity of Indonesia’s Natuna Islands in the South China Sea. The Chinese coast guard had almost trespass the Indonesia’s 12-Nautical mile territorial sea off Bunguran (Natuna Besar) Island. This occurrence had started after a … Read more