Latest: Fintech News
The company, led by chief executive Mark Zuckerberg, is seeking alternative revenue streams and new features that can attract and retain users
Xu will also join the company's board as an executive director, while Richard Liu will retain his title as the board chairman, JD.com said
Earnings at the world's largest memory chip and smartphone maker were also supported by brisk smartphone sales in the quarter
Three construction project payments were successfully made through China’s digital yuan, or e-CNY, in the eastern Chinese city of Suzhou
The fund has agreed with a coalition of bitFlyer Holdings shareholders to buy a majority stake, which is estimated to have a value of up to $370 million
The robotics startup plans to enter the US market, scale its team and build capacity to address the current pipeline of customers and deliver 100 robots annually
But Moore Threads, which investors value at more than $2 billion, has omitted important information: key pieces come from the UK
Paytm raised $2.5bn in India's biggest IPO last November but made a dismal debut on widespread concerns over its high valuation
VerSe, which is the Indian 'parent' of short-video app Josh and news aggregator Dailyhunt, is now valued at $5 billion
Russia is turning to microchip manufacturers in China to circumvent western sanctions which have boosted demand for bank cards linked to Mir payment system, a payment card executive said.
In This Section
AF Fintech Insights
-
Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
Recommended: AI News
Recommended: Crypto News
Recommended: Blockchain News
AF TV: Fintech Videos
Fintech: The Big Picture
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
-
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
-
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.
-
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.
-
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
Asia Financial is owned by Capital Link International Holdings Ltd, 902, Wilson House 19-27 Wyndham Street, Central, Hong Kong. www.capitallinkintl.com
