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Some 45% of the country's people are now on 5G, but telecom firms have not been willing to invest in the fancier technology that would ramp speeds by 20 times over 4G technology
Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter
Wallbox began construction of the 130,000 square foot facility in April, which will go into production in the third quarter of 2022 and is expected to produce 250,000 units in 2022.
The government said that under the current system civil servants are required to print out emails and electronic documents for filing in paper folders
Asia Financial's Future of Money index, a basket of 10 leading cryptocurrencies, has plunged 19% this week alone and is down 27% during the past month.
China’s ride-hailing giant Didi Global has cut half its UK employees and told staff plans to launch services in the UK and Europe are on hold till at least 2025, the Guardian said
The sell-off was triggered by deepening investor worries over inflation and higher interest rates. Cryptocurrencies were dragged down, too.
The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics
The JD Technology IPO is a $2-billion listing planned for Hong Kong later this year, but it has been held up by CSRC concerns over its consumer fintech business.
The company upset Chinese regulators by pushing ahead with a $4.4 billion listing in the US despite being asked to put it on hold. Shareholders will vote on its US delisting plan on May 23.
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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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