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Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default
The laid-off workers were identified as 'poor performers' just two months after the US chip sanctions on China hit YMTC, SCMP said
TikTok says its CEO Shou Zi Chew will testify before the US Energy and Commerce Committee on March 23. The company denies sharing user data with China's Communist Party.
US officials are now blocking 4G items, Wifi 6 and 7, artificial intelligence and high-performance computing and cloud items from being shipped to Huawei; China says this is a serious concern
Baidu will launch the chatbot as a standalone application and will gradually merge the service into its search engine
Taiwan's export orders are likely to have contracted again in December as the island feels the hit of cooling global demand
Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions
US politicians ramp up pressure on the White House to ban the Chinese social media app entirely
Chinese e-commerce giant JD.com will discontinue all services in Thailand and Indonesia in March. The Thai platform is reported to have suffered rising losses
Android handset maker Vivo was the top-selling brand in the country, but its total shipments fell 25.1% year-on-year
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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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