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The base pay of investment bankers at CICC has been cut 25%, sources say, amid the economic slowdown and sluggish IPO returns
Sources say the agreement with China's top internet firm on use of its data on China's public roads clears a final regulatory hurdle for Tesla's driver assistance system.
Bytedance would rather shut the app if it runs out of options to fight a forced sale of TikTok's US operations, group sources say, claiming its algorithm is too valuable
President Xi was reported to have told the top US diplomat that China and the US should be “partners, not rivals” and avoid engaging in “vicious competition.”
CATL showed off the lithium iron phosphate (LFP) Shenxing Plus battery on the first media day of the Beijing auto show
The US Secretary of State is in Shanghai as the two superpowers continue to defrost a relationship defined in recent years by tech wars and trade curbs
After Biden's swift presidential endorsement, attention is now turning to whether TikTok can win a legal fight against the divestment order
Washington has been lobbying the Dutch to prevent ASML from servicing some of the billions of euros worth of tools it has already sold to Chinese customers
Zap Energy claims its approach would be capable of delivering limitless clean power at a fraction of the cost and complexity of competitors
Some 117 new models were unveiled – out of 278 new energy vehicles on display. It comes as EVs now account for half of all car sales in China.
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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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