Super-rich Binance founder apologizes for evading money-laundering laws, after pleading guilty and paying huge fines; critics say his 4-month jail term - for 100,000 dubious transactions - shows that 'crime pays'
The Chinese firm’s revenue was $24.65 billion for the first three months of the year after it saw its fastest earnings growth in four years in 2023
Congress is assessing a new law, passed unanimously by the House energy and commerce committee in March, which could kill much of DJI's business in the United States
Korean giant sees 10-fold rise in first quarter profit to over $52 billion, says strong AI demand will tighten supply of high-end chips. It plans to make the industry's first 12-layer chip
Interest in local Chinese partnerships comes at a time when foreign carmakers are quickly losing share in the world’s biggest car market
Chinese foreign ministry urges the US not to implement the "negative, China-related" parts of the military aid package passed by Congress last week
The base pay of investment bankers at CICC has been cut 25%, sources say, amid the economic slowdown and sluggish IPO returns
There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
The 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.
The Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
Asia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade