Latest: Fintech News
The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.
The PlayStation maker said an end to Covid restrictions, a shortage of appealing new titles and supply chain snarls will hit revenues
The world’s first and third-largest economies say China’s “coercive and retaliatory economic practices” and the war in Ukraine spurred them to team up
US lawmakers have approved legislation to subsidise its domestic semiconductor industry to help it compete with China and Taiwan
Hundreds of suppliers are protesting at being left unpaid and most employees immediately dismissed, without knowing if they will get wages for their last two months, the SCMP said
The rise in the group's stock was prompted by the company's proposed buyback of $400 million worth of shares.
Zipmex resumed withdrawals a day after suspending them on July 20 and said it was working to address its exposure of $53 million to crypto lenders Babel and Celsius
Denso's operating earnings of 63.6 billion yen ($473 million) for the three months to June 30 fell short of an average estimate of 81 billion yen
Companies globally are grappling with rising costs of raw materials, labour and logistics as China's zero-Covid policy strained supply chains and war in Ukraine pushed up energy prices
The government blocked the game because of concern about data sharing and mining in China. Tencent owns a major stake in Krafton. Shares in both companies fell on Friday
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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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