Latest: Fintech News
Covid lockdowns in China lifted Alibaba's earnings, thanks to surging demand for cloud services as millions of citizens work from home and shop online
Development of new iPhones is "falling behind schedule" because restrictions on movement have yet to be fully lifted in Shanghai, Nikkei has reported
Curbs in China to contain the spread of Covid-19 appeared to boost demand for Baidu's cloud services and AI products, helping the group record revenue that topped estimates
Business secretary Kwasi Kwarteng said the acquisition of Newport Wafer Fab by Nexperia, a subsidiary of China's Wingtech, would face an investigation
The PS5, launched in November 2020, undersold its predecessor in its second year due to component shortages which have roiled the electronics industry
Vedanta's Agarwal said he supports Prime Minister Narendra Modi's drive to make India a semiconductor manufacturing hub, adding that "Foxconn is our technical partner"
ADDX uses blockchain and smart contract technology to tokenise and fractionalise pre-IPO equity, private equity and hedge funds, as well as bonds
The High Court in the city-state granted a worldwide injunction to a man who had owned the Bored Ape NFT, which he used as collateral for a loan
The company - backed by Peter Thiel's Valar Ventures, DST Global and Unbound - has been granted a licence by the Securities and Futures Commission
Pitik, which has raised $14 million in its latest funding round, offers chicken farmers solutions on technology, financing, and supply-chains using its fintech apps
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AF Fintech Insights
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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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