Latest: Fintech News
The sector posted net outflows of $47 million in the week ended March 18, after experiencing outflows of $110 million the previous week
The country’s cryptocurrency exchanges say the move is a ‘backwards step’ and will deter investors
A slowdown in Chinese growth and Covid-19 outbreaks have taken a toll on consumer spending. Revenue was 27.23bn yuan ($4.29bn) in the 4th quarter, below estimates of 30.10bn yuan
The Financial Stability Board is closely scrutinising the use of cryptoassets during the war in Ukraine after concerns they could be used to evade Western sanctions on Russia
Taiwan's export orders leapt 21.1% from a year earlier to $51.56 billion last month on sustained technology demand
Shipments of smartphones within China fell 31.8% year-on-year to 14.5 million handsets in February, the China Academy of Information and Communications (CAICT) reported on Monday.
Putting people as avatars into a virtual world with that kind of surveillance and behavior modification would be extremely dangerous for everyone, says Philip Rosedale
SoftBank's departure prompts questions about whether Cruise is ready to generate meaningful revenue
The Reserve Bank of India said the spiralling oil and gas prices and unsettled financial market conditions pose fresh headwinds to the global recovery
The centre, its second research and development facility in China, will work in tech fields such as connectivity, automated driving and big data, the company said in a statement
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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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