Latest: Fintech News
Gaming giant suffered its first quarterly sales fall on Wednesday and has been hit hard by Beijing's clampdown on game approvals and playing time, not to mention Covid lockdowns
MIT Professor Chen Gang, investigated by the US for links to China, is among researchers who discovered a material they say may be better for making computer chips than silicon.
Chinese companies that assemble products for US tech giant Apple are considering making the Apple Watch and MacBook in Vietnam for the first time
The move marks a major retreat by Tencent from the NFT market, which has come under increased scrutiny from Chinese regulators.
The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed a petition with the Singapore High Court.
A weak economy, Covid disruptions and supply chain challenges hammered the company's sales while increased investment in new technologies was an additional drag.
SMIC got hit with US sanctions three days after he joined the company, and the Chinese government did not trust him due to his Taiwanese-US citizenship, Chiang said.
China's biggest chipmaker reported a big jump in second-quarter revenue and $514m in profit on Friday, but warned that the sector faces "panic and uncertainty"
Samsung vice-chairman Jay Y Lee and another top businessman won pardons on Friday from President Yoon Suk-yeol, who wants them to help rev up the South Korean economy.
Companies in India use the UAE dirham, the HK dollar, yuan or euro when buying Russian coal, in a bid to avoid the dollar and US sanctions, according to customs data and industry sources
In This Section
AF Fintech Insights
-
Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
Recommended: AI News
Recommended: Crypto News
Recommended: Blockchain News
AF TV: Fintech Videos
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
-
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
-
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.
-
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.
-
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
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
