Latest: Fintech News
TSMC factories would cease to operate if China invaded Taiwan, company chairman Mark Liu warns, reminding Beijing there are "no winners" if a country declares war
The move, if approved, would help protect the only US memory chip producers, Western Digital Corp and Micron Technology Inc
China's UnionPay cards are expected to be issued by leading Russian banks – Credit Bank of Moscow and DOM.RF – from early 2023; 11 others are already issuing them
Diablo took eight weeks from first release on June 1 to hit the $100 million milestone, according to Sensor Tower
The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.
The PlayStation maker said an end to Covid restrictions, a shortage of appealing new titles and supply chain snarls will hit revenues
The world’s first and third-largest economies say China’s “coercive and retaliatory economic practices” and the war in Ukraine spurred them to team up
US lawmakers have approved legislation to subsidise its domestic semiconductor industry to help it compete with China and Taiwan
Hundreds of suppliers are protesting at being left unpaid and most employees immediately dismissed, without knowing if they will get wages for their last two months, the SCMP said
The rise in the group's stock was prompted by the company's proposed buyback of $400 million worth of shares.
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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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