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Sea's e-commerce platform Shopee plans to shut operations in Argentina, while scaling back in Mexico, Chile, and Colombia. Staff are also being laid off at its Garena gaming unit in Shanghai
WeChat users received a notification on Sept 6 saying personal data such as likes, comments, browsing and search history, content uploads will be transmitted to the mainland
Some executives say the US ban on exports to China of Nvidia and AMD's advanced computer chips could backfire if it creates chances for startups in China's fast-growing chip market.
"We cannot allow Chinese companies beholden to the Communist Party into our telecommunications networks and millions of Americans’ iPhones,” Senator Marco Rubio said.
State internet shutdowns "cause significant inconvenience to local public at large," the Internet and Mobile Association of India said
The ban aims to prevent US semiconductor technology from falling into Chinese hands, US Commerce Secretary Gina Raimondo said
The pledge to intensify the search for core tech breakthroughs comes after last week’s US ban on AI chip exports to China
Hynix’s parent, the SK Group, also recently announced plans to build a chip packaging facility in the United States
Growth rate could now though slow due to government concerns that smartwatches are harmful to child development, reported the Nikkei
A cyber security report claimed the US had launched “tens of thousands” of cyberattacks on China and pilfered troves of sensitive data, the South China Morning Post said.
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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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