Latest: Fintech News
ACCC said Uber admitted to have falsely represented fare estimates for its Uber Taxi option as its algorithm would almost always inflate the range of fares
Twitter says Musk secured $25.5 billion of debt and loan finance and is providing a $21bn equity commitment. But the concern now is the platform's likely focus on free speech
Twitter are reportedly set to accept Tesla owner Elon Musk’s $43bn cash offer for the social media giant
Operations at the plants located in Dianfa and Fuhong in northern Kunshan have been halted since last Wednesday
Toyota-backed tech firm gets a licence to operate 100 vehicles in Guangzhou's Nansha district. Rival groups are also testing self-driving cars in Shenzhen, Changsha and California.
The company offers delivery to several inland destinations, including Chengdu, Chongqing, Linyi, Yiwu, Shengyang, Suzhou and Shijiazhuang
The penalty is Australia's fourth-largest payout for breaching consumer law, the Australian Competition and Consumer Commission (ACCC) said in a statement
Musk said he has lined up $46.5 billion in debt and equity financing to buy Twitter and was considering taking his offer directly to shareholders.
Pentagon officials were impressed by SpaceX's swift effort to block an electro-magnetic attack by Russia that aimed to jam its Starlink satellite internet service for people in Ukraine
Xiaohongshu, which is backed by Tencent, Alibaba and Singapore's Temasek, joins other internet firms cutting staff numbers despite $500m funding round last year
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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
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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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