Latest: Fintech News
Lower-income and older workers could fall behind, the IMF believes, as AI is adopted across world economies
A UN investigation has uncovered evidence that hackers like NK’s Lazarus Group are linking up with fraudsters and drug traffickers in Thailand and Myanmar
US tech giant will cut up to 500 yuan ($70) on the price of its iPhone 15 in China later this week in a rare promotion in the lead-up to the Lunar New Year
Public tender documents show dozens of Chinese military and AI research entities have bought Nvidia semiconductors since curbs were imposed by Washington
Tencent, Baidu and Alibaba all slashed the number of deals they made in China’s tech sector last year with the big three agreeing 40% fewer contracts
Despite the SEC’s watershed approval for digital funds, some traders say they will still be avoiding what they called a "speculative, volatile asset”
South Korea does not recognise cryptocurrencies as financial assets and has laws that effectively prohibit ETFs linked to virtual assets
"We are deeply concerned by the direct involvement of the United States in interferring with the export of lithography machines by Dutch companies to China," a commerce ministry spokesperson said
China has the potential to become the world’s largest market for autonomous vehicles, with total sales predicted to hit $230 billion by 2030
Chinese shipments to Russia jumped 47% in 2023 from a year earlier, and soared 64% compared with 2021, before the Russia-Ukraine war, China's customs data showed
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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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