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PayPal is looking to expand in China with a new service catering to cross-border sellers. Photo: Getty Images

PayPal expands in China as it courts cross-border merchants

The financial tech firm launched PayPal Complete Payments on Thursday, allowing merchants to accept foreign credit cards and mobile wallets.

The financial tech firm launched PayPal Complete Payments on Thursday, allowing merchants to accept foreign credit cards and mobile wallets

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Coe dismisses Enhanced Games, says participants ‘moronic’, threatens long bans

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‘The dream is they’d all be unicorns’: YouTube co-founder eyes Taiwan talent

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Swimmer ready to ‘juice to the gills’ to chase US$1 million prize at drugs games

Former 100m world champion James Magnussen first athlete to commit to competing in Enhanced Games, where competitors will be encouraged to dope in attempt to break records.

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Australia’s James Magnussen celebrates after winning the gold medal in the men’s 100m freestyle final at the Swimming World Championships in Barcelona on August 1, 2013. Photo: AP

Celeb biohacker’s visited for treatment – a longevity hub pushes the limits

A ‘start-up city’ in Central America created by US-based firm Próspera wants to attract entrepreneurs who aim to push the limits of human longevity; biohacker Bryan Johnson has visited for gene therapy.

Opinion | How Gen Z is redefining the possibilities of generosity

Charities would be wrong to neglect reaching out to those born after 1997 because of their relative lack of disposable income and their penchant for moral one-upmanship. Instead the humanitarian aid industry must answer the two questions Gen Z is posing: how do you measure impact? What’s in it for me?

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Why Musk’s ‘X’ will struggle to become a Chinese-style super-app

Inspired by China’s WeChat, Elon Musk is rebranding Twitter and wants to create a super-app where users will do all their finances as well as their socialising, but analysts are doubtful the strategy will work today.

A partially removed sign at Twitter headquarters in San Francisco, California, July 26, 2023. Photo: Bloomberg

Musk’s Twitter rebrand got it blocked in Indonesia, due to porn, gambling

Elon Musk has rebranded Twitter as ‘X,’ using a new domain – X.com, caused issues in Indonesia, where users are unable to access X.com, according to an Al Jazeera report.

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Xplained: Elon Musk gives his reason behind Twitter’s name change

CEO Elon Musk said the Twitter name made sense as 140 character messages going back and forth – like birds tweeting, but not in his new vision of a WeChat-like super-app.

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Is sun setting on DeSantis before he officially enters 2024 race?

He’s up. He’s down. He’s getting in. Maybe he won’t. He’s a saviour. He’s an authoritarian. Everyone, it seems, has a visceral, unnuanced view of Ron DeSantis and his presidential ambitions.

Donald Trump has opened up significant lead on Ron DeSantis in recent polling. Photo: AFP

Thiel won’t fund 2024 candidates as cultural issues trump US-China rivalry

Sources close to the PayPal co-founder claim that Thiel believes the Republicans are making a mistake in focusing on cultural flashpoints and should be more concerned with spurring US innovation and competing with China.

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Peter Thiel, co-founder of PayPal, is not planning to donate to any political candidates in 2024, according to two people close to the businessman. Photo: Getty Images

Opinion | Australia needs cybersecurity refit, not whack-a-mole bans on apps like TikTok

The problem of digital security and foreign interference is bigger than just one app or the use of government devices.

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11 billionaires trying to build their own utopias, from Musk to Gates

Elon Musk isn’t the only billionaire to try and build his own town – from Bill Gates to Marc Lore, here’s a list of the super-rich who have attempted to build utopias

From status symbol to disrupter: charting China’s mobile phone boom

China was late to embrace the mobile phone, but it is now home to the largest mobile phone market in the world, a booming e-commerce sector and some of the most advanced mobile network infrastructure.

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Fifty years after the first mobile phone call, China has more mobile phone users than any country in the world. Illustration: Henry Wong

Tech lay-offs spread to South Asia as Alibaba unit Daraz cuts 360 jobs

Job cuts at Pakistan-based e-commerce firm Daraz follow a workforce reduction of more than 15,000 at parent Alibaba in the first nine months of 2022.

E-commerce firm Daraz Group, which Alibaba Group Holding acquired in 2018, operates in Pakistan, Nepal, Bangladesh and Sri Lanka. Photo: Shutterstock

PayPal to cut 2,000 jobs in post-pandemic slowdown to control costs

PayPal’s stock has been battered by the slowdown in growth in payments volume on its platform after the pandemic began to recede.

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People step forward to run Twitter after Musk says ‘no one wants’ top job

Several people have put up their hands to run the social media company after Elon Musk says ‘no one wants the job who can actually keep Twitter alive.’

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Buffett vs Temasek: who is right on the prospects of chip maker TSMC?

Temasek cut its losses on TSMC last quarter as the stock plunged since its foray six months earlier. Buffett’s Berkshire Hathaway, however, placed a new US$4.1 billion bet on the world’s biggest contract chip maker.

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An employee walks past a Temasek Holdings sign at the company’s headquarters in Singapore. Photo: Reuters

Turtles in demand as pets, leading to a spike in poaching

Growing demand in the US, Asia and Europe is contributing to the decline of turtle and tortoise species; poaching is ‘getting ruthless’, wildlife experts say.

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Amazon, Apple and Google pledge training for Indo-Pacific women

The IPEF Upskilling Initiative will provide training for 7 million over a decade in Brunei, Fiji, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.

Who is the richest Musk family member after Elon? Net worths, ranked

No one in Elon Musk’s family comes close to the Space X CEO’s fortune, but parents Maye and Errol, siblings Tosca and Kimbal, and ex-wife Justine are all millionaires too

Errol, Maye, Elon, Tosca and Kimbal Musk are all multimillionaires – but some should be picking up the family dinner tab more than others. Photos: AFP; @mayemusk, @elonrmuskk, @ilon_mask_1000, @mayemusk/Instagram

Facebook’s bizarre glitch that spammed feeds from celebrity pages

Dozens of users complained that their Facebook feeds were being spammed with comments and posts from stars such as Taylor Swift, Coldplay and Lady Gaga.

Facebook users following stars such as Taylor Swift were inundated with unwanted posts and their feeds almost completely clogged by fan comments. Photo: Getty Images

Changes in consumer behaviour mean new opportunities in cross-border e-commerce

PayPal’s Borderless Commerce Report shows that over 50 per cent of online shoppers make purchases from international merchants, as e-commerce growth is fuelled by new trends and ways of reaching customers.

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My Take | Philosophical longtermism is more than I can take

Give me the North American tribal principle of making responsible decisions for seven to 10 generations into the future, but for 80 trillion people yet to come? No thank you!

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Temasek’s stock bets shrink by US$5.6 billion on stake sales, book losses

The value of Temasek’s holdings in US-listed stocks dwindled by US$5.6 billion amid sales and value erosion, the most since the final quarter of 2004, US filings show.

Global stocks slumped last quarter as the risk of recession escalated, fanned by the most aggressive policy tightening in the US since 1994. Photo: AFP

Aid for US semiconductor industry puts billionaire-backed tech fund in focus

America’s Frontier Fund, supported by a former Google CEO, raises watchdogs’ concerns over how government investment will be steered to private companies under the Chips Act.

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Illustrations: Perry Tse

Global markets can learn from China’s success in mobile commerce: PayPal

Around 96 per cent of consumers in China use their smartphones to shop online, according to a new survey by PayPal.

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What’s Elon Musk’s relationship like with Kimbal, his millionaire brother?

They had a childhood of ‘freedom’ and got up to ‘mischief’ with their cousins … but what’s Elon and Kimbal Musk’s relationship like now?

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The latest news, analysis and opinion on PayPal. In-depth analysis, industry insights and expert opinion.
last updated:
22 August, 2024
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