Alipay, the country’s top mobile payment platform, announced on Tuesday a major anti-fraud u
pgrade on its application by teaming up with 26 public security departments nationwide.
The new function, dubbed “Security Guard”, allows users to set up related accounts among f
amily members or close friends. Should any abnormalities on transactions occur, the system would send
out alerts to all related accounts in order to prevent the fraud from materializing and minimize loss of funds.
“Security is the lifeline of Alipay, and we hope to fight fraud in a manner as harsh as dru
nk driving,” said Rui Xiongwen, vice-president of Ant Financial, Alipay’s parent company.
Alipay users can choose to delay payment for two hours or 24 hours and raise an alert
on the platform if they deem such transactions potentially misdirected or fraudulent.
The system has been linked to local public security authorities to help freeze any transaction
s in doubt. The money will be credited back to the user’s account if authorities determine fraud has been committed.
A number of local anti-fraud centers in cities like Beijing, Shanghai and Shenzhe
n also pledged to cooperate with Alipay on financial security education and anti-fraud alarming systems.
On Sunday, China’s tech giant Huawei officially unveiled Huawei Mate X, its first foldable smar
tphone. That came just five days after Galaxy Fold, the first foldable smartphone of Samsung. But fol
dables might not be the future of smartphones, comment two experts with China Daily’s Zhang Zhouxiang:
Yuan Xuanhua, a renowned industrial designer with 20 years’ experience in smartphone engineering
Some media outlets have described foldable smartphones with so many sweet w
ords as if they were a technological breakthrough. Unfortunately, they are not. The te
chnology of foldable displays were invented as early as 20 years ago in a quite easy way — By replacing the glass th
at supports the display with foldable organic materials. Such displays can not only fold, but also curve.
Concerning the foldable screens of Huawei and Samsung, they have better displays with higher density rate and cl
earer, more stable display performance, but in essence they are still using the same technology. Therefore, f
oldable smartphones are more like a consumption-led innovation rather than a technology
ause the camera must not be covered during the folding, while the battery is also thicker. Huawei Mate X looks better, but its display is not protected as well as that of Samsung Fold and faces higher risk of breaking should the phone be dropped.
The two share one thing in common, namely a high price — Both are rather expensive. The Samsu
ng Fold is priced at $1,980 while the Huawei Mate X is priced at 2,299 euros ($2,606). The high price will
quite seriously limit the marketing of the two products and make them the luxuries of rich people only.
According to our analysis and market forecasts, in 2019, the number of f
oldable smartphones and tablets sold globally might reach 900,000, which might do
uble in 2020. As a comparison, people globally bought 1.4 billion smartphones in 2018. In a word, unless its cost fall sh
arply, the market for foldable smartphones will be limited for the foreseeable future.
Yet both Huawei and Samsung have invested huge resources in the research, publicity, and mark
eting of foldable smartphones. There are two main causes for that. First, smartphones are already so
developed that there is hardly any new space for innovation. The iPhone 4 miracle of Steven Jobs can hardly be re
peated in the near future, so both companies need to show the world that they are innovating.
Second, foldable displays need special materials that are quite scarce i
n the market, so neither of the two companies can afford to wait for the other to rise. B
oth need to keep the market in a balance so as to ensure its own share of products.
have once again made concrete progress and provided positive pro
spects for bilateral relations and the global economy. Wang, also minister of foreign affa
irs, made the remark at an event on Monday, according to a statement issued by the ministry.
Yao Yang, dean of the National School of Development at Peking University, said, “It is encouraging that both sides have begu
n to work on the text of an agreement, which indicates a speeding up toward sealing a trade deal.”
“The progress also showed that effective economic diplomatic meas
ures can help resolve cumbersome issues and reduce confrontation between two nations,” Yao said.
After tit-for-tat exchanges of hefty import tariffs, President Xi Jinping and hi
s US counterpart, Donald Trump, agreed in December to halt new tariffs for 90 days to a
llow for talks. Since then, negotiations have been conducted on a wide array of topics.
Early Sunday afternoon in Washington, Trump tweeted that he “will be delaying” the incr
ease of tariffs on Chinese imports scheduled for March 1, due to “very productive” trade talks between the two countries.
A widely criticized Australian newspaper cartoon showing tennis legen
d Serena Williams jumping up and down next to a broken racket and a pa
cifier which she had spat out was not racist, according to the country’s media watchdog.
The Australian Press Council ruled that the drawing, published by Murdoch group newspaper the Hera
ld Sun, did not breach Australia’s press standards and instead was capturing Williams’ “on-co
urt tantrum” at the 2018 US Open final “using satire, caricature, exaggeration and humor.”
The cartoon was published shortly after the bad-tempered final, in which Wi
lliams had a dispute with the umpire over his allegedly sexist treatment. The pr
ess watchdog received a number of complaints about the image, which drew international condemnation.
The press council said the newspaper “was depicting the moment when, in a high
ly animated tantrum, Ms Williams smashed a racquet and loudly abused the ch
air umpire, calling him a thief, a liar and threatening that he would never umpire her matches again.
said its troops had also repelled an attack Saturday morning by suspected militants on a security outpost in Geidam village in Yobe state.
No one was injured, according to Col. Sagir Musa of the Nigeria army, who said the attempt would not affect voting in the area.
”The situation is calm and peaceful,” Musa said in a statement. “Peop
le have largely turned out to cast their votes without any hindrance.”
The election delay has increased tensions in Nigeria, and there
have been instances of violence in the lead-up to the vote. The British and US governments hav
e warned they would deny visas to, and could prosecute, anyone found inciting violence during the election.
Last week, a terror group with links to ISIS claimed responsibility for a deadly at
tack in Maiduguri on a motorcade carrying Kashim Shettima, the governor of Borno state.
Shettima escaped unscathed. Isa Gusau, the governor’s media aide, told CNN on Thursday that the ambush killed three p
eople, although locals put the death toll much higher. The terror group claimed that 42 people died in the assault.