Latest: Fintech News
Central banks from Hong Kong, Thailand, China and the UAE issued CBDCs worth $12m on BIS’ mBridge platform to test cross-border transfers to and from commercial banks and foreign exchanges
The world's second-largest memory chipmaker, said its 2023 investment would be cut by more than half, and warned of uncertainty on its operations in Wuxi, China after US export curbs
Mirae Asset is creating a 300 billion won ($208 million) fund to support Musk's takeover of Twitter, the Korea Economic Daily said
Alphabet Inc’s Google was landed with second antitrust penalty this month, accused of abusing its market position
The Chinese officials, Zheng Wang and Guochun He, allegedly attempted to bribe a US official to access details of a Huawei investigation
The likes of Rokid, Thunderbird Innovation and Nreal have all released new smart-glasses products this year, Pandaily said
All six members of the party's new executive committee boast scientific expertise, from nuclear power to rocket science, reported the SCMP
The Chinese memory chipmaker YMTC has asked US employees to leave group in a bid to comply with the export restrictions imposed recently by the Biden Administration
Hong Kong stock index falls over 6% to levels last seen in the 2008 crisis, with shares of Alibaba and Tencent down 10% and 8% on fears economic growth will be sacrificed for ideological policies
US chip equipment makers could lose market share and revenue to competitors in countries like Japan and South Korea, if firms find a workaround for the latest curbs, one analyst said
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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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