Latest: Fintech News
Observers say China’s tech companies will have been alarmed by the size of the Didi fine and read it as a signal that the worst is not over yet
The discovery has big implications for Chinese chip companies, as it "helps reduce China's reliance on Western technologies" at a time when it was restricted by US sanctions, the report said
The South Korean giant has applied for incentives in 11 potential chip manufacturing facilities in Texas, according to documents filed with state authorities.
Prosecutors said Ishan Wahi shared confidential information about forthcoming announcements of new crypto assets that Coinbase would allow users to trade through its exchange
Zipmex is the latest in a string of crypto players globally to run into difficulties following a sharp selloff in markets that started in May
Combined revenue fell 1.8% to 147.7 billion yuan ($21.8 billion) in the six months ended June 30, the China Audio-Video and Digital Publishing Association said
Officials said funding was completed on Wednesday for the second phase of the advanced manufacturing fund, which invests in Chinese innovation sectors
Chief executive Hidetoshi Shibata said a shortage of supplies of raw materials in Europe and North America was a greater risk than boosting production in Japan
The announcement on Thursday by the Cyberspace Administration of China followed a year-long investigation into Didi's collection and use of its customer data
The US Senate this week gave its nod to a much-debated semiconductor bill that seeks to hand billions of dollars in sops for the computer chips industry
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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Fintech: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan 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
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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