Cold feet hit major tech IPOs | TWIF China

UnionPay initiated a pilot program linking Chinese payment apps with Brazil's Pix system to allow Chinese travelers to pay local merchants directly from their home accounts.

Airwallex integrated Affirm to enable international merchants to offer BNPL checkout options to US shoppers without requiring a separate setup.

TikTok began developing an in-app peer-to-peer payment feature within its direct messaging system to facilitate direct user-to-user transfers.

Ant International introduced FalconTST 2.0, an AI model designed to predict foreign exchange risks and manage cross-border cash flow needs for major financial institutions.

HashKey Exchange partnered with OneDegree's insurance arm to drive commercial adoption of the HKDAP stablecoin for cross-border settlements and insurance payments.

Alipay launched a full-stack agentic commerce platform in China to help merchants transition toward AI-powered operations across diverse smart devices.

ShopeePay partnered with TenPay Global to enable Southeast Asian users to make cross-border QR code payments at Weixin Pay merchants across China.

Binance introduced AgentOS, a new developer platform that allows users to securely connect AI applications like ChatGPT directly to its financial infrastructure for automated trading and market analysis. 

RedotPay postponed its planned $1 billion US IPO beyond 2026 due to an ongoing $470 million user diversion lawsuit filed by Binance affiliates.

SHEIN said to postpone its HK IPO to September.

The People's Bank of China authorized eight additional financial institutions, including Ping An Bank, Bank of Shanghai and Bank of Hangzhou as digital yuan operators to expand digital currency access and support regional trade.