Latest: Fintech News
China's regulator told some fund managers they need to launch at least four equity funds before they open any new bond fund, in hopes of propping up the stock market
TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company
The popularity of BYD's EVs has encouraged its sole Thai distributor to dramatically expand its business. Rever Automotive said it will triple its dealerships in Thailand over the next years
The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls; firms on thin margins facing severe impacts
China sees AI as an area in which it wants to rival the US, and has set its sights on becoming a world leader in the field by 2030
Top UN police official warns that criminal gangs are using underground banking systems which have "super-charged" the illicit economy in East Asia
UN secretary general António Guterres said every new AI breakthrough increased the threat of unintended consequences
The US firm sold one in five of all handsets last year, though overall sales dropped as consumers cut their spending
The change came after the ChatGPT creator reportedly started working with the US Department of Defense on cybersecurity tools
Lower-income and older workers could fall behind, the IMF believes, as AI is adopted across world economies
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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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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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