Latest: Fintech News
Financial advisers say companies plan to raise $10-15 billion, partly because Beijing's stimulus measures have cut fundraising costs and whipped up appetite for borrowing
WuXi AppTec has put its cell and gene therapy manufacturing unit, which operates four laboratories and manufacturing facilities in Philadelphia, up for sale, new report says
The US has announced preliminary tariffs to be imposed on solar panels developed by Chinese firms but exported from countries in Southeast Asia
The Microsoft-backed artificial intelligence leader is working on a funding round that could value the company at over $150 billion
Chinese companies have pumped in more than $100bn into foreign clean tech projects since 2023, research group says
The future of solar manufacturing in SE Asia depends on duties to be determined by US officials, but most Chinese solar suppliers have stopped shipping to the US due to the risk of retroactive tariffs
Katsunobu Kato named as finance minister, Takeshi Iwaya made foreign minister and Gen Nakatani returns to be defence minister
Top analyst says crime zones are seeing a huge inflow of stolen funds; calls for sanctions to be imposed on Karen warlord who hosts scam centres on the Thai-Myanmar border
OpenAI's proposed data centres would need power equal to the output of about five nuclear reactors – at least 100 times the requirements of a standard large data centre
Huawei has sent out samples of its new Ascend 910C to top Chinese server companies, but issues continue to persist with the chip's predecessor
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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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