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The consultancy urged state authorities to restrict Chinese government-owned companies from state purchase and contracts and restrict university partnerships
Authorities said companies would be required to remove their 5G equipment by June 2024 and would not be reimbursed for their expenses
Tencent sank by more than 6%, Alibaba dropped 7.39%, while its e-commerce rival JD.com was down 3.7% and Meituan slipped by nearly 3.8%
Do Kwon, the young Korean who created the Luna token, built a huge house of cards thanks to millions ploughed in by investment firms, despite the coin's very unstable foundations
The bank said inflation would remain elevated in the near-term due to supply-side pressures while economic growth will also record a setback
If an attacker can place a relaying device within signal range of a mobile phone or key fob authorised to access a Tesla they can unlock and operate the vehicle
Sony's game, music and movie units contributed two-thirds of operating income in the year ended March, underscoring the group's transformation from consumer electronics maker into a metaverse-ready entertainment juggernaut
Prudential investment unit PGIM said crypto is an unreliable portfolio diversifier and an inadequate safe-haven asset or inflation hedge
Citing risks to financial stability from the rising number of crypto transactions, central bank officials said last year they did not see room for cryptocurrency
Commentator Li Hualin said the ban helped to “extinguish the ‘virtual fire’ of virtual currency speculation"
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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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