Latest: Fintech News
Meituan said on Tuesday it would lower commissions for merchants on its platform, capping fees for around a million small and medium sized merchants facing difficulties at 5%
Search engine giant Baidu reported quarterly revenue above Wall Street estimates on Tuesday, powered by high demand for its cloud and self-driving taxi services
The automaker said in a statement it would restart domestic production at its 14 domestic factories from Wednesday
Australian Transaction Reports and Analysis Centre said Crown started by billionaire James Packer failed its due diligence obligations "innumerable" times from 2016 to 2020
"This year, the pressure on foreign trade will be huge and the situation will be very severe," Commerce Minister Wang Wentao warned
CBA said it had entered into a binding agreement to sell a 10% stake in Bank of Hangzhou, and it would retain its remaining 5.57% stake for at least three years
Over two thirds of institutional investors voted against three resolutions on employee stock option plans when they were put to a vote by the digital payments firm
The National Press and Publication Administration, which oversees the licensing of video games in China, has not published a list of approved new titles since late last July
SWIFT will lose its credibility and influence and gradually decline in importance if it’s used as a sanctions tool, Xinhua says, while the digital yuan has a big future, another outlet said
Toyota Motor will shut its plants in Japan on Tuesday after Kojima, a major supplier of parts, was hit by a suspected cyberattack
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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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