Latest: Fintech News
Japanese auto giant Toyota says it plans to hack back its April global production by 17% to 750,000 units
Japan chip heavyweight Renesas, which has suspended work after the earthquake, makes nearly a third of the microcontroller chips used in cars around the world
Focus of the campaign will include "rectifying" multi-channel network firms, short video and livestreaming, as well as cracking down on internet rumours
The storied French fashion and luxury company has seen traffic to its boutiques in South Korea skid since it began screening customers
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
In This Section
AF Fintech Insights
-
Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
Recommended: AI News
Recommended: Crypto News
Recommended: Blockchain News
AF TV: Fintech Videos
Fintech: The Big Picture
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
-
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
-
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.
-
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.
-
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
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
