Latest: Fintech News
Chinese giant reduces its stake in the technology group to 18.7% from 21.3% but plans to retain a substantial majority for the long-term
Its three-year investment plan of $100 billion may also be raised to $112 billion as it expands capacity in Taiwan, Japan, China and the US
Crypto aggregating platform WonderFi will pay with 70 million new shares and C$50 million ($39 million) in cash, C$20 million of which will be paid upfront
The PlayStation VR2 will have an OLED display, use integrated cameras to track players and offer feedback via a built-in headset motor
A deal is reportedly near with French energy giant EDF to force China's state-owned CGN to offload its stake in a nuclear power project
Targets include building faster 5G and broadband networks, intelligent factories and hospitals, and developing AI and data-driven services
New semiconductor capacity that comes online from next year will turn current shortages into a glut, Morningstar says.
Draft norms would require people involved in online marketing of financial products through livestreaming be employed by financial institutions and have professional qualifications
Funding comes just weeks after Monzo fetched a valuation of $4.5 billion
The global technology and gadget show will now end on January 7
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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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