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Women who assembled iPhones at a Foxconn plant in southern India say they had to endure crowded dorms without flush toilets and food sometimes crawling with worms
SK Hynix will pay $7 billion out of the deal's total $9 billion price tag, the world's second-largest memory chip maker said in a statement
Chinese artificial intelligence start-up raised $740 million in its IPO and priced shares at HK$3.85 each at the bottom of the range flagged
Creditors representing more than 90% of outstanding claims voted in favour of the draft restructuring proposal at an investors' meeting on Wednesday, Unigroup said in a statement
One of the world's biggest memory chip suppliers said stringent restrictions may be increasingly difficult to mitigate and had resulted in thinner staffing levels
Daniel Zhang, the CEO of e-commerce giant Alibaba Group Holding, who had served as a Didi director since 2018, resigned. The company's shares plunged more than 8%.
The deal will see Meituan — snared in a government crackdown on anti-competitive practices — launch a mini programme on the platform
China has approved plans to build four clusters of data centres in the country's north and west for the data needs of Beijing and major coastal centres, the top state planner said on Wednesday
Tuesday's moves in cryptocurrencies were stark, reflecting low liquidity periods such as weekends and holidays
Xianghubao will cease operating on January 28 next year, according to a notice Ant Group sent to users on Tuesday, amid Beijing’s ongoing regulatory crackdown
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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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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