Latest: Fintech News
Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions
US politicians ramp up pressure on the White House to ban the Chinese social media app entirely
Chinese e-commerce giant JD.com will discontinue all services in Thailand and Indonesia in March. The Thai platform is reported to have suffered rising losses
Android handset maker Vivo was the top-selling brand in the country, but its total shipments fell 25.1% year-on-year
Europe’s largest technology company said the measures were not expected to have a material impact on its 2023 financial forecasts
Netherlands-based ASML Holding, a key supplier to chipmakers, could see at least some of its $2.4 billion in annual sales to China affected by fresh curbs
The Netherlands will restrict ASML from selling advanced chimaking equipment to China, while Japan would impose similar restrictions on Nikon Corp, media reports said
If the two sides can agree on the details, a deal could be announced as soon as Friday, two sources have said
"Implementation of these changes across the ecosystem will be a complex process and will require significant work at our end," Google said in a blog post
China was among the biggest markets in 2022 for Europe's largest technology company, as it beat analyst forecasts to report fourth-quarter net profit of 1.82 billion euros ($2 billion)
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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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