Latest: Fintech News
Four companies - automakers Nio and Geely, battery swap developer Aulton and state-owned oil producer Sinopec - plan to set up 24,000 swap stations by 2025, up from about 1,400 now
The deal consists of a placement of about $700 million worth of shares to its parent company JD.com and about $400 million in a primary share sale
NZME, which owns the New Zealand Herald, also said it was in discussions with Facebook parent Meta Platforms over various digital projects for next year
“We have concluded that a small percentage of customers – approximately 2.5% – have potentially been impacted," the firm's chief security officer said
The US and China may soon be locked in a recruitment battle for Taiwanese semiconductor talent as the world's most powerful nations bid to ramp up their computer chip capacity
In a note to shareholders, Fink said the war will push countries to reassess currency dependencies, and that BlackRock is studying digital currencies and stablecoins as client interest soars
In contrast, most emerging markets are not attracting as much investment as they should, based on their income levels, the study found
Sayurbox plans to scale up its digital platform and forge direct relationships with farmers in Indonesia, which has the fastest-growing food market in Southeast Asia
Mizuho said it partnered with Google Cloud Japan to utilise Google's data analytics technology to generate real-time insights
Business operators must not provide crypto payment services and are barred from acting in a manner that promotes the use of digital assets
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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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