Worried about losing traffic on their smartphone apps while people are distracted by Spring Festival celebrations, Chinese internet firms vied to keep users tuned in with cash gifts.
Zhang Lin from northeast China's Jilin province heard less firecrackers during Spring Festival of the past two years.
An incredible amount of gift money will be handed out at New Year by Chinese Internet companies competing for the mobile payment market.
Ezubao, an online financing platform, has allegedly absorbed about 50 billion yuan ($7.6 billion) in funds, with about 900,000 investors involved, the Xinhua News Agency reported Sunday.
Volatility in China's stock market is feeding an appetite for fixed income investment products among China's small investors, driving them to Tencent's marketplace.
Overseas fund transfers into Indonesia allegedly linked to terrorism last year and this year amounted to well over 10 billion rupiah (S$1 million), of which about six billion rupiah was from Australia, said Mr Agus Santoso, deputy head of PPATK, which is Indonesia's anti-money-laundering agency.
A memorandum of understanding (MOU) on money laundering and countering terrorist financing has been signed between China and the United States.
They are probably still working on mastering basic math or simple English sentences, but primary school children in China's top-tier cities have shown surprising financial maturity.
Hundreds of people protested outside Portuguese bank Novo Banco in central Lisbon on Monday to demand back the money they lost in failed Portuguese bank Banco Espirito Santo (BES).
While many Chinese parents chose to take their children to parks or museums to celebrate Children's Day, one group of youngsters in south China was treated to a tour of multi-million-yuan mansions in hopes they would aspire to live in one.
When it comes to sending New Year's greetings in China, the latest fashion is to say: How many electronic "red envelopes" did you receive?
The Somali government on Sunday called on the U.S. to intervene over the move by the American bank to close accounts of money remittance companies to the Horn of Africa nation.
China's stock markets rallied after the central bank lowered the reserve requirement ratio (RRR) on Thursday for the first time in over two years, underscoring the powerful sway of this unique monetary policy tool.
Ragged clothes, a tragic story and a begging bowl: beggars are not unusual sites in busy city squares or subway trains. But are they quite what they seem? Some could be richer than you.
The U.S. Treasury unveiled this year's one-dollar-note "Lucky Money" on Tuesday to welcome the upcoming Chinese Lunar New Year.
British Prime Minister David Cameron Monday told the country's parliament that there was "no pressing need" for Britain to pay 2.1 billion euros (2.67 billion U.S. dollars) to the European Union (EU).
The release of the two German nationals by the Abu Sayyaf after the reported payment of 250 million pesos (5.56 million U.S. dollars) in ransom on Oct. 17 has reinforced the perception that kidnapping for ransom continues to be a thriving "cottage industry" in southern Philippines.
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