Where Are We on China Union Pay’s Anticipated Challenge to Visa and Mastercard?

  Where Are We on China Union Pay’s Anticipated Challenge to Visa and MasterCard? As the Chinese government welcomes leaders from around the world for its Belt and Road Forum in Beijing, analysts will ask: is the One Belt One Road (OBOR) initiative a plan to overthrow the existing global order, by pulling Asian countries into…

Russia Bets on “Voracious” China With $6 Billion Fertilizer Mines

    Russia Bets on “Voracious” China With $6 Billion Fertilizer Mines   MOSCOW – China’s dilemma of how to feed its booming population will partially be answered by fancier fertilizers, according to one of the world’s richest billionaires. EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is spending over $6-billion on two mines…

Airbnb’s Biggest Rival in China Raises $300m to Fund Rapid Expansion

Airbnb’s Biggest Rival in China Raises $300m to Fund Rapid Expansion   Chinese startup Tujia gains a valuation of more than $1.5 billion as it looks to win over young Chinese holiday maker Airbnb’s biggest rival in China, Tujia, has raised $300m (£227m) to fund a rapid expansion and ride a surge in Chinese families taking holidays around the world.…