Latest: Fintech News
The Chinese smartphone maker’s net income fell 59.1% to 2.12 billion yuan over the period from 5.176 billion yuan one year ago
The Nikkei newspaper reported that the Bank of Japan will begin experiments on a digital yen launch with commercial banks next spring
Internet firms could be hit with fines of up to 5% of annual revenue for unfair practices under amendments proposed on Tuesday to the competition law
A batch of 70 new games were approved for release last week, report said
Videos showed a protest on Wednesday by hundreds of workers over pay and conditions at the massive Zhengzhou production facility in central China
JD.com CEO Liu Qiangdong also plans to donate 100 million yuan to a special fund to help children of JD employees
Chinese regulators likely to fine Ant in the second quarter of next year for 'disorderly expansion of capital', once the fintech giant nears the end of a major two-year-long overhaul, sources say
Online retailer Ozon Holdings said on Monday it was opening an office in Shenzhen in China to boost cross-border sales to Russian shoppers on its platform
Beijing is propping up its slowing economy by keeping money rates low. On Monday China's central bank drained 170 billion yuan on a net basis via seven-day reverse repos
Plans for the new facility in Arizona are not completely finalised but it will produce advanced 3-nanometre chips, founder Morris Chang said on Monday. He plans to attend the launch.
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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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