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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
Representative Jerrold Nadler, chair of the House judiciary committee, said that "three hostile foreign actors" had attacked the courts' document filing system
With billionaire Ma giving up control of Ant, any potential revival of its IPO may be pushed back by a year or more, the WSJ reported.
The firm seems to think its biggest public perception problem is that it's from China, according to the trove of material accessed by Gizmodo
Its operating profit rose to 14.1 trillion won ($10.8 billion) for the quarter ended June 30 from 12.57 trillion won a year earlier, higher than the company's own estimate of 14 trillion won
The US company said it expects third-quarter revenue to fall between $26 billion and $28.5 billion, a second successive year-over-year decline
The "Chips and Science" act provides about $52 billion in subsidies for US semiconductor production and an investment tax credit for chip plants estimated at $24 billion
The Consumer Financial Protection Bureau said it is worried about real-time payments as more digital assets exchanges and lenders fall foul of regulations
Server chips had been the only remaining bright spot in memory chip demand that drove SK Hynix to report a 56% jump in operating profit
The bill provides about $52 billion in subsidies for US semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion
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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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