Happy Thursday everyone,

Hope you’re enjoying the spring weather. As always, here’s a quick roundup of the latest in fintech, regulation, and digital assets from China.

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Licensing & Regulations

• China agrees to resume trade talks with the US and announces new stimulus measures, including interest rate cuts and credit easing, to counter the impact of rising tariffs on its economy.
• TikTok was fined €530 million ($600 million) for violating the EU's General Data Protection Regulation (GDPR) in Ireland. China denies accessing TikTok user data.
• US lawmakers are calling for the delisting of Alibaba and 24 other Chinese companies from US stock exchanges, citing ongoing concerns over transparency and national security.
• Cambodia’s central bank and the Hong Kong Monetary Authority (HKMA) are preparing a memorandum of understanding to cooperate on payment reserves and cross-border financial infrastructure.
• XTransfer secures an electronic money license (EMI) in the Netherlands, expanding its cross-border payment services for Chinese SMEs in Europe.

Financing & IPOs

• Blackbird Ventures invests $60 million in Airwallex’s latest funding round.
• Ant Group is planning to list its international business unit in Hong Kong.

Product & Partnership Launches

• Barclays deployed Ant International's FX forecasting model for its global treasury management.
• Geoswift integrates with Visa Direct to enhance global payout capabilities.

The Coin Related

• Bhutan partners with Binance Pay to launch the world’s first national-level crypto tourism payment system.
• The Kyrgyz Republic signs an MoU with Binance to collaborate on crypto development and regulatory frameworks.
• OSL teams up with Ant Digital to expand institutional digital asset services in Hong Kong.