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Tencent cut jobs earlier this year too, alongside the likes of Alibaba, as Beijing’s crackdowns and the economic slowdown take their toll
FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange
TSMC shares jumped after Berkshire Hathaway disclosed in a filing that it owns about 60.1 million American depositary shares of the Taiwanese chipmaker
The average selling price jumped 15% year-over-year, and 6% from the previous quarter, to a record $226, market research firm IDC said
"We do need some regulations. We do need to do this properly. We do need to do this in a stable way," Binance CEO Changpeng Zhao said
TikTok is on track to generate close to $10 billion in ad revenue this year, eclipsing the likes of Twitter and Snapchat, NYT said
Crypto exchange said on Saturday it detected unauthorised access and analytics firms said crypto assets valued at around half a billion dollars were stolen and it may have been hacked.
Crypto exchange founder Sam Bankman-Fried transferred $10 billion of customer funds from FTX to his trading firm Alameda Research, sources allege, adding that about $1.7bn is 'missing'
The chip firm reported flat revenue growth in the third quarter as it faces challenges from US export restrictions on China, SCMP said
Foxconn's India expansion is central to Apple's efforts to shift production away from Covid-hit 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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