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Weixin said the number of active mini programmes operated by overseas merchants increased 268% over the past two years, with total transaction volumes growing 897%
Total revenues exceeded 1.4 trillion yuan ($219 billion) , a year-on-year increase of 22.3%, while operating profits totalled 128 billion yuan, a year-on-year increase of 14.8%
Nikkei Asia reported the company seeks to turn electronic waste into a stable source of gold, copper and other metals using the platform
The e-CNY is available on distribution platforms in 12 cities, including Shenzhen, Suzhou, Chengdu and Shanghai
Elon Musk's satellite internet service in India, Starlink, suffered another blow on Tuesday with the resignation of its recently appointed country director and board chairman Sanjay Bhargava
One recommendation is for the US and Taiwan to threaten to destroy Taiwan Semiconductor Manufacturing Co facilities if Beijing invades
Chinese giant reduces its stake in the technology group to 18.7% from 21.3% but plans to retain a substantial majority for the long-term
Its three-year investment plan of $100 billion may also be raised to $112 billion as it expands capacity in Taiwan, Japan, China and the US
Crypto aggregating platform WonderFi will pay with 70 million new shares and C$50 million ($39 million) in cash, C$20 million of which will be paid upfront
The PlayStation VR2 will have an OLED display, use integrated cameras to track players and offer feedback via a built-in headset motor
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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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