Latest: Fintech News
Xiaohongshu, which is backed by Tencent, Alibaba and Singapore's Temasek, joins other internet firms cutting staff numbers despite $500m funding round last year
The company launched its DiDi Food services in April 2020 in Osaka and later expanded to nine prefectures, according to its website
In 2021, China implemented legislation requiring international and domestic companies to re-evaluate how they handle Chinese personal data
The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months
Risk of secondary sanctions over Moscow's invasion of Ukraine keeps UnionPay from cooperating with sanctioned Russian banks
Thunes has taken a majority stake in the Tookitaki financial crime detection and prevention company for $20 million
Some Taiwanese firms making chip and electronic components in the eastern Chinese city of Kunshan said deliveries would be postponed until next month
Several Russian banks have been banned from SWIFT after Moscow invaded Ukraine on February 24 as part of wider western penalties
The deal will lead to the integration of Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East and the Americas
The Coalition for Content Provenance and Authenticity (C2PA) is in the process of creating an open standard, which will work with any software and highlight evidence of tampering
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
