The app has been downloaded over 2.5m times this year but it can only be used in 10 cities currently, and people still like using Alipay and WeChat Pay for retail purchases

Casino operators shares jump nearly 10% after Macau's government said on Friday the number of operators allowed in the world's largest gambling hub would be limited to six

Singapore is popular for crypto companies due to its clear regulatory environment but authorities have also tried to shield the public from trading in digital tokens, saying it is very risky

Reports that lenders are curbing property loans to local government financing vehicles is "concerning" as they are bigger and more significant source of funding than dollar bonds, DBS says

The EU executive said the scheme was deemed risky because all applicants are accepted and not sufficiently screened, despite some appearing in Interpol's security databases.

Tesla's demands for tax cuts last year prompted objections from local players, who said it would deter investment in manufacturing. But Mercedes is set to assemble EVs in India later this year

Bond markets in Asia are likely to stay resilient even as the US Federal Reserve begins to unwind stimulus and hike interest rates this year, economists said

China's cabinet issued a plan on Wednesday for development of its digital economy, aiming to increase this sector's share of national GDP by pushing tech like 6G and big data centres

India's Infosys posted a 12% jump in quarterly profit and bumped up its revenue forecast on strong demand for its software services from businesses accelerating their digital transformation

Local governments in China have been under heavy economic stress, after Beijing’s move to rein in real estate debt. Some suspect LGFVs could collapse given their huge debts ($8 trillion in 2020)

China’s cabinet has moved to quicken the pace of 102 major projects outlined in its 2021-25 plan as leaders admit that stabilising the economy in the first half of 2022 will be an uphill battle

US electric vehicle maker achieved the highest monthly rate since it started manufacturing in Shanghai in 2019