Latest: Fintech News
Refinitiv data shows foreigners sold $1.71 billion worth of mainland shares via Stock Connect in May, after selling $659 million in April
Sea Capital had invested in collapsed cryptocurrency exchange FTX and its parent had seen its market capitalisation fall to $32.54bn from over $200bn
State media hailed the effort as "a landmark in China's deep-Earth exploration" that provides "an unprecedented opportunity to study areas of the planet deep beneath the surface".
China hawks in Washington blame US investors for transferring capital and valuable know-how to Chinese tech companies that could help advance Beijing's military
The key setback to Modi's chipmaking goal has been the inability of companies, bidding for $10 billion in incentives, to hook a major tech partner that can implement a prompt plan of action
Among the critics of the viral technology were Geoffrey Hinton and Yoshua Bengio – two of the three so-called "godfathers of AI”
Chinese president tells security chiefs on Tuesday that the "complexity and severity of national security problems faced by our country have increased dramatically"
The tech giant will also launch a competition for developers to build applications off its Ernie bot in the race to catch up with Microsoft’s ChatGPT
Tech entrepreneurs say they're looking to base companies abroad, disillusioned with Xi Jinping's policies, and happy to play down their Chinese identity amid growing trade rivalry with the US
A 24-page draft joint statement focuses on AI algorithm standards, export controls and China’s non-market practices and disinformation
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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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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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