Monday 27th September 2021

  • IT Conslting, Digital Transformation with IT Services
    • China’s first facial recognition payment-based shopping street opens in Wenzhou China's-first-facial-recognition-payment-based-shopping-street-opens-in-Wenzhou

      An iconic shopping street in Wenzhou, a city in eastern China’s Zhejiang Province, has become the first in the country to extensively apply facial recognition technology in making payments. The municipal government of Wenzhou, known as the cradle for domestic private entrepreneurship, has joined with Ant Financial, operator of China’s biggest online payment platform Alipay, and e-commerce giant Alibaba through an agreement signed in May 2015 to jointly develop “a smart business area.” Wuma (Five-horse) Street was given priority in expanding “paying with your face.” Some 20 stores along the street have been equipped with the Alipay system called...

    • Boeing opens China’s first 737 plant Boeing-opens-China's-first-737-plant

      Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world’s top travel markets. The world’s largest planemaker was also poised to deliver the first of its top-selling 737s completed at the facility in Zhoushan, about 290 km (180 miles) southeast of Shanghai, to state carrier Air China during a ceremony on Saturday with top executives from both companies. Boeing and Airbus have been expanding their footprint in China as they vie for orders in the fast-growing aviation market, which is...