Latest: Fintech News
BYD, Tesla, Li Auto and Nio have incentives to bolster sales on top of a state subsidy, at a time competition is so fierce only 3 carmakers are said to be profitable
Weather portal says the average national temperature was a degree higher than 2023, while Shanghai had the hottest year since the Qing Dynasty
Researchers say the TikTok owner's planned spending on computing power 'will drive progress' in China’s artificial intelligence industry
Chinese hackers gained access to a digital key that enabled them to gain access to Treasury documents, officials said on Monday
Chinese firms have stepped up their purchases of materials needed to make chips and electronics from US suppliers ahead of the new year
Chinese companies have increased their extraction of rare earths from northern Myanmar by an "unprecedented" amount, a new report says
The US President-elect says a pause would give his administration time to pursue a "political resolution" to the issue
Beijing has asked local governments 'with financial capacity' to give relief funds or a one-time allowance to people in need as the Lunar New Year break looms
China's top chipmakers are still 10-15 years behind leading Western chipmakers because they cannot access EUV lithography machines, ASML's new CEO has said
Iran is facing a major energy crisis which has forced many businesses to shut down and schools to go online, a new report says
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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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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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