Latest: Fintech News
A group of TikTok creators has filed suit to block the law that could ban the app while TikTok itself and parent company ByteDance have also filed a similar lawsuit
The move will allow mainland Chinese and Hong Kong residents to open digital yuan wallets via a mobile app made by China's central bank and use them for payments in retail shops and some online stores
In a shift by Tesla chief Elon Musk, data from China could be processed in the country to develop its full-self-driving system, sources said
The reported move comes after US President Joe Biden announced sweeping tariff increases on Chinese chip, EV, battery and solar cell imports
Labour shortages at Toyota's plant in Tijuana, Mexico, have halted production several times and raised questions on whether other carmakers may face the same problems
A joint statement issued by the two leaders said a political settlement to the Ukraine crisis was the "right direction" and that both countries were opposed to a drawn-out conflict
Analysts say tariffs target sectors where the economic impact will be limited and where Chinese companies' dominance appears unassailable
Biden administration scraps a tariff exemption on solar panels and makes it easier for solar projects to get a subsidy for using locally made products - to protect manufacturers in the US
The United States is claimed to be looking at developing a fleet of over 1,000 unmanned combat aircraft managed by artificial intelligence
Hundreds of engineers given the option to relocate overseas as Washington tightens China’s access to advanced US tech and ties have become strained over such issues
In This Section
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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SemiconductorsChinese Firms Close in on High-End AI Memory Chips Coup
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Southeast AsiaHong Kong Poised to Green-Light First Spot Bitcoin ETFs
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Fintech: The Big Picture
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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