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Crypto trading has remained popular in China despite being banned on the mainland three years ago; endorsement of crypto in Hong Kong has allowed easy access to bitcoin and other tokens
Pyongyang is also allegedly using the advanced tech to strategise for future wars and to protect its nuclear programme
Along with Ma, Alibaba chairman Joe Tsai also purchased about $151 million worth of Alibaba's US-traded shares
China, India and Southeast Asia are still seeing growing demand for electricity, and some of the factors driving that increasing demand include modern technology and cryptocurrency mining
Broadcaster's shares plunged on Tuesday after investors bailed out of the Indian entertainment group when its $10-billion merger with Sony collapsed on Monday
The purchases are thought to include high-end equipment from Dutch tech giant ASML which make the most intricate microchips
Shares of Chinese gaming firms rose on Tuesday amid speculation the regulator may back down on new rules that would curb spending on online games
Papers filed with a bankruptcy court in Delaware on Sunday show Terraform Labs filed for Chapter 11 bankruptcy protection and listed assets and liabilities allegedly in a range from $100-$500 million
Artificial intelligence pioneer Sam Altman believes that top chip producers may not be able to keep up demand for AI semiconductors, one report said
Singapore police have issued arrest warrants for two ethnic Chinese linked to a massive money laundering case involving assets that now total over S$3 billion (US$2.24 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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