Under the PM’s Cashless Economy initiative, key goals include raising the number of active digital merchants to 2 million by the end of 2025-26, increasing mobile and internet banking users from the ...

ByteDance’s Hongguo app reached 212 million monthly active users in June 2025, up 179% YoY and surpassing Youku for the first time. The short drama platform, China’s most downloaded app in May, is ...