Latest: Fintech News
Tencent and Netease shares rose after China removed a senior regulatory official and a state media commentary called for officials to end their 'erratic' oversight of the platform sector
Two of China's biggest state-owned banks and a leading joint-stock bank have stepped up reviews of smaller lenders, as debts from the intensifying property crisis hit the financial sector
The Communist Party official has reportedly been removed after the roll-out of the plans sparked fears Beijing was about to crack down on its tech sector again
Vice-presidential candidates clashed with one blaming the ruling DPP for provoking Beijing and forcing the chip giant to invest overseas
One switch-off in the northestern state of Manipur lasted for more than 200 days following communal clashes in May
Factory activity slipped in South Korea, Taiwan, Malaysia and Vietnam in December, while data for China was mixed
Criticism comes after the Netherlands restricts export licence for top chip-machine maker, to prevent them being exported to Chinese firms
The People’s Bank of China has confirmed the payment app no longer has a controller after Ma gave up most of his voting rights
FTX's Bankman-Fried had faced six more charges that had been omitted from his first trial, including conspiracy to commit bribery
The Southeast Asian powerhouse’s 2023 GDP fell to 5.05% with sales of its biggest earner, smartphones, dropping 8.3%
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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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