Latest: Fintech News
Notorious hacking gang Lockbit claims the Industrial and Commercial Bank of China paid a ransom to resolve the attack on the bank's unit in the United States
Tokyo is set to issue nearly $59.8 billion in bonds to fund the commitment, raising concerns in some quarters about ballooning debt
The ride-hailing outfit’s three-month surplus was its first since 2021 when it was the target of China’s cyberspace regulator
Elon Musk has reportedly demanded the concession in return for building a new production plant in a car market dominated by low-cost vehicles
Beijing's bid to upgrade manufacturing of high-tech goods like chips, solar panels, lithium batteries and EVs has led to concern the world will be flooded with an excess of such products
The Biden-Xi talks on Wednesday will cover issues from Israel's war with Hamas, Russia's war with Ukraine, North Korea, Taiwan, the Indo-Pacific, rights, fentanyl, plus AI, trade and economic ties
YMTC filed the lawsuit in a California District Court last week that accused Micron of using its patented technology to gain market share
Ports operator DP World, which is owned by the state of Dubai, has been forced to suspend operations at four major ports for several days following a cyber-security drama
Last year the shopping bonanza saw sales of nearly $158 billion and some analysts have forecast that this year's tally, which has yet to emerge, could see double-digit growth
The US is playing a game of 'catch-me-if-you-can' with Nvidia and other chipmakers that will hurt both countries, the companies involved and only spur more innovation in China, Global Times says
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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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