Latest: Fintech News
Elon Musk has raised $7bn in new funding for his attempted $44bn buyout of the social media platform
Uber reported a mixed first quarter on Wednesday, with bookings up 35% from a year ago – but a net loss of $5.9 billion, due to the drop in value of its stakes in Didi, Grab and Aurora
State hackers stole technology secrets from about 30 multinationals in the energy, manufacturing and pharmaceutical fields in East Asia, Europe and North America since 2019, it said
The US administration is aware that measures would have ramifications for the more than 180 countries that use Hikvision cameras
Congress has been working on China competition legislation for more than a year. The Senate first passed a version in June 2021, with strong bipartisan support
One of China's largest companies, China Petroleum & Chemical Corporation, known as Sinopec, and electric vehicle maker Nio were also among the names added
Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist
Shanghai residents are turning to NFT marketplaces like the world's largest, OpenSea, where users can mint content and buy or sell it using cryptocurrencies
The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook
A Harvard tech researcher has questioned the view that China shot itself in the foot by cracking down on its tech giants, saying a closer look shows it could advance their national interests
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
