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Latest: Fintech News

Jack Ma Has Been Living in Tokyo for Six Months – FT
Jack Ma Has Been Living in Tokyo for Six Months – FT

Alibaba founder Jack Ma has been living in Tokyo with his family, personal chef and security, avoiding China's Covid restrictions and developing an interest in art and painting watercolours, a new report says

China Gambles on Graphene to Win the Global Microchip War
China Gambles on Graphene to Win the Global Microchip War

China, which is reeling from punishing US tech sanctions, is exploring using graphene instead of silicon in microchips as it desperately attempts to match its global rivals

Covid Concerns Add to Apple’s Need to Diversify Out of China
Covid Concerns Add to Apple’s Need to Diversify Out of China

Production shortfalls and labour unrest at the giant iPhone factory, run by Foxconn in Zhengzhou, are increasing risks and likely to intensify Apple's retreat from China, analysts say

Bitfront Becomes Latest Crypto Exchange to Cease Trading
Singapore Banks Must Hold $125 for Each $100 of Bitcoin – CryptoSlate
China Evergrande Seeks Backing for Planned Rejig by March
Huawei, ZTE Equipment Sales Banned by US Over Security Risks
Binance Insurance Fund 44% Backed by its Token – CryptoPotato
South Korea’s Yoon Warns of Crackdown on Truckers Strike
Fitch Says EVs Will Grab 35% of 2023 China Car Sales – SCMP

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Fintech: The Big Picture

Can China Take Place of SWIFT System? Analysts Say ‘No’

There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions