online news service focusing on China’s mobile payment industry, said to Securities Daily he
expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha
re of consumption as possible, as consumers incrementally wade farther into cashless payments.
Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym
ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.
In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b
illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro
m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.
By the end of 2018, a total of 424 commercial banks and 115 payment institutio
ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.
A constant temperature of 27 degrees, a water bowl that never freezes, a comfy mat, and no dogs allowed.
Those are the amenities for felines in a neighborhood in Beijing’s Sh
unyi district, where stray cats can loll around contentedly all winter, nibbling food and sipp
ing water, safe from the weather and provided with love through an artificial intelligence platform. It is purrfection.
Wan Xi, an engineer at Baidu Brain－the open AI platform of Baidu－had the idea of build
ing a smart shelter for strays when he found a kitten huddled on his car tire in the winter of 2017.
Winter is rough for stray animals, as they require extra calories to stay warm. Only around 40 perc
ent of stray cats find enough food and shelter to make it through the harsh temperatures.
Although volunteers offer water, food and even heating pads to stray animals, Beijing’s freezin
g winters can turn a bowl of water into ice before a cat can drink. Many stray cats don’t live more than two ye
ars. Those that are not neutered or spayed face more health problems and spawn more homeless cats.