China Mobile and China UnionPay Subsidize NFC Payment
Since PBC showed support for NFC (Near Field Communication) payment, China UnionPay has subsidized in the modification of POS system. Recently He Xinchu, vice-president of China Mobile E-commerce Co., Ltd. disclosed that the company would offer a subsidy of 30 yuan for each NFC mobile phone sold in order to popularize NFC terminal, and meanwhile its 4G card would have to be bound with NFC-SIM card.

Xiaomi Launches Three New Products
Yesterday Xiaomi Tech officially launched its three new products: Xiaomi Router, Xiaomi Router Mini and 4K UHD-supported Xiaomi Box. Xiaomi CEO Lei Jun said its intelligent router should work as a home server instead of a traditional communication device. He also announced Xiaomi’s overseas strategy and divided its business into domestic business and overseas business.

Internet Financial Product “Bao”s Exceed One Trillion
The year of 2014 witnesses the white-hot market of Internet financial products among fund companies. Thus far there have been 47 monetary funds from 38 fund companies jointed with Internet financial products usually called “Bao”, which means treasure in Chinese. According to the financial reports released by 42 of them, the scale has exceeded over one trillion and the total net profit has reached 11.07 billion yuan.