The Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
Asia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
Tech companies like Paytm, food delivery outfit Zomato, online insurance broker PolicyBazaar, and online fashion seller Nykaa were amongst the biggest losers.
The pressure keeps piling on Warren Buffett-backed Indian payments merchant Paytm. Shares of its owner One97 Communications are in freefall and now it must deal with gloomy predictions about its future revenues.