Latest: Fintech News
Online fashion retailer's profit plunged by $1 billion in 2024, a new report says, and worse is to come after Trump closed a tax loophole it used to send items to the US
Nvidia's results this week will put a spotlight on demand for its chips after low-cost AI models from China's DeepSeek raised doubts on the need for big outlays on pricey chips
Markets in Hong Kong, Shanghai and many other Asian capitals fell on Monday after Trump moved to curb Chinese investment in the US
The tech giant’s shares are up more than 70% so far this year after jumping nearly 90% over the past 12 months
Japan, India, South Korea and Taiwan, who all export products to the US from these three industries, have already been stumbling under the pressure of increasing tariff threats
Experts say that while it may be a 'hard pill for them to swallow', Chinese leaders are shifting their approach to the domestic tech industry
Rumours of TSMC potential tie-up with Intel sparked concern in Taiwan about losing its 'silicon shield' while White House said it was 'unlikely' to hand over American chip facilities to foreigners
The tightly choreographed pro-business meet marked a turnaround in Beijing's approach to the tech industry in the face of a slowdown in growth, deflationary concerns and a bitter rivalry with the US
Insiders say the White House is concerned about many of the terms underpinning the $39 billion Chips and Science Act industry subsidies
Up until the launch of DeepSeek last month, Ernie Bot was widely seen as the closest Chinese rival to ChatGPT
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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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