Latest: Fintech News

SK Hynix will pay $7 billion out of the deal's total $9 billion price tag, the world's second-largest memory chip maker said in a statement

Chinese artificial intelligence start-up raised $740 million in its IPO and priced shares at HK$3.85 each at the bottom of the range flagged

Creditors representing more than 90% of outstanding claims voted in favour of the draft restructuring proposal at an investors' meeting on Wednesday, Unigroup said in a statement

One of the world's biggest memory chip suppliers said stringent restrictions may be increasingly difficult to mitigate and had resulted in thinner staffing levels

Daniel Zhang, the CEO of e-commerce giant Alibaba Group Holding, who had served as a Didi director since 2018, resigned. The company's shares plunged more than 8%. 

The deal will see Meituan — snared in a government crackdown on anti-competitive practices — launch a mini programme on the platform

China has approved plans to build four clusters of data centres in the country's north and west for the data needs of Beijing and major coastal centres, the top state planner said on Wednesday