Latest: Fintech News
Sources say SoftBank Group is in talks with Vision Fund 1 to buy the 25% stake in Arm it does not directly own as it gets ready for the chip designer's Nasdaq IPO
The Bank of Japan has stuck to its ultra-loose monetary policy as global central banks have hiked interest rates, making returns in other countries look more attractive
Chinese firms are desperate to develop their own innovations as trade tensions with the West and its neighbours continue to escalate
One fund chief said China could restrict exports of rare earths used in consumer electronics and EVs vehicles, and target US technology companies
The Chinese e-commerce outfit recorded first-quarter revenue of $32.29 billion despite fears growing for the country’s stuttering recovery
US unions have called on lawmakers not to grant visas to Taiwanese workers TSMC wants to bring in to get their Arizona plant back on track
Beijing "resolutely opposes" the US restrictions, after the Biden administration explains the 'narrow subsets' of its move and likely outcomes for various sectors in 2024, when the new rules will start
Chinese tech giants Baidu, Tencent, Alibaba and Bytedance have placed orders worth $5 billion with Nvidia for its top AI chips and GPUs, but it is unclear if these items will be affected by the latest White House order
German licence revenues from China more than tripled in 2022 compared to 2014 as escalating international tensions have made direct investments difficult
The biggest foreign bank in Myanmar warned local banks last week it will restrict all payments to and from Myanmar accounts, a move could help bring a quicker end to the country's bitter civil strife
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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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