Latest: Fintech News
Alibaba could axe more than 15% of its workforce, or 39,000 staff, it’s claimed, as regulatory crackdowns and a slowing economy take their toll
China is allowing Apple supplier Foxconn's Shenzhen operations and construction sites in Shanghai to resume work on condition that employees live and work in a bubble to fight Covid-19
The Hang Seng jumped 9% to above the 20,000 mark with its Tech Index logging its biggest daily gain of 22%, recovering most of its recent losses
Samsung's foundry business would look for new clients in China, where it expects high market growth, and focus on increasing supply capacity
"These fraudulent schemes offer non-existent investment opportunities, promising very attractive and risk-free returns within a short span of time," the commission said.
Valuations of marquee portfolio firms have tumbled, with Alibaba and Didi Global dropping 35% and 64% respectively year-to-date, hit by a wave of factors
Several applications will debut this year in Pudong New Area, covering digital factories, an underground parking lot and the new astronomy museum
Other investors include Hong Kong's Huobi Ventures as well as Shima Capital, Malaysia's OKX Blockdream Ventures, Mechanism Capital and Morningstar Ventures
Paytm’s chief Vijay Shekhar Sharma moved to reassure the markets as the Indian giant’s share price tumbled another 12% after reports of data leaks to Chinese firms
New Delhi has banned over 220 Chinese apps, including 54 just last month, in a blow to publishers that saw India as the next growth market
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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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