Investment Insights

We bet you have never heard of Mats Steen. There’s only a slightly better chance you’ve heard of his online nom de guerre—“Lord Ibelin Redmoore”, or “Jerome Walker”.

Asking for loose change from passers-by no longer appeals to China’s digitally-savvy beggars. Going cashless, many street dwellers in the modern cities of China are now soliciting alms via QR code printouts to facilitate mobile money transfers from potential donors’ smart phone apps.