China Mobile has decided to buy 20% of Shanghai Pudong Development (SPD) Bank for $5.83 billion cash. Under the deal, Guangdong Mobile – China Mobile’s biggest subsidiary – will become the bank’s second largest shareholder. Guangdong Mobile has signed an MoU with SPD Bank “to closely cooperate in the joint development of mobile finance and mobile e-commerce businesses.” This Mobile-Bank partnership promises wireless finance services including mobile bank cards and payment services. The investment presents China Mobile a platform to offer wireless banking services to more than 527 million customers in the world’s fastest-growing major economy. Full rport.
Workshop: Digital Tools for Strengthening Public Discourse
Today, LIRNEasia hosted a workshop to launch digital tools created by Watchdog Sri Lanka, funded by GIZ’s Strengthening Social Cohesion and Peace in Sri Lanka (SCOPE) programme. Researchers, practitioners, activists and journalists attended to learn about these tools, and how they can potentially help them in their own lines of work.
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