Latest: Fintech News
Alibaba said sales of dozens of brands topped a billion yuan, while JD.com said sales were up 20% on 2023, helped by a state subsidy scheme for new appliances launched in July
The world's top chipmaker faces limits on what chips it can make in the US at a time when the incoming Trump Administration could put increasing production-related demands on it
New PM's next tests are an extra budget, seeing if he can meet Trump on his way to the G20 next week, while the BOJ ponders climate risks and a carbon tax
World's top carmaker plans to transfer greater responsibility to local staff who have a better grasp of the market, particularly around EVs and connected car tech
Battery materials firm GEM in deal with PT Vale Indonesia on a plant to secure nickel, while Tencent and Alibaba will develop cloud infrastructure. Jakarta gave no ground on China's sea claims.
The move, which will have far-reaching consequences for China’s semiconductor supply chains and tech giants, came after US officials visited Taiwan last week
The decision comes after last year Ottawa began reviewing TikTok's plan to invest and expand its business in Canada
Officials fear that Trump will end bilateral talks have helped cool tensions between the two superpowers in hotspots like the South China Sea and other areas
Stocks in Hong Kong and currencies across Asia took sharp hits over Trump’s comeback but tech shares in Japan and India jumped
US trade with China, the fight against global warming and the war in Ukraine will face major changes once Trump takes office. He may also dramatically alter the federal government
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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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