Latest: Fintech News
The PBOC uncovered violations during an inspection of WeChat Pay in late 2021. The payments network allegedly permitted the transfer and laundering of funds from illicit transactions, it said
Shares of Indian digital payments firm tumbled more than 13% on Monday, after the central bank barred the company's payments bank from taking on new customers and ordered an IT audit
Taiwanese tech giant Foxconn said its Shenzhen operations would be suspended till further notice, while automakers Toyota and Volkswagen have also suspended some operations in Changchun
Vision Fund sold 50 million Coupang shares for $20.87 each, according to a filing to the US Securities and Exchange Commission dated Friday, leaving it still with 461 million shares
Musk retweeted an article saying the Ukraine-Russia conflict had sent commodity prices to their highest levels since 2008, and said his companies "are not alone"
The Chinese telecom equipment maker is on probation in the US after pleading guilty in Dallas in 2017 to illegally shipping US technology to Iran and North Korea
The key to this broader access to 5G service is the falling price of the specialized semiconductors needed for 5G phones, a trend that analysts expect to continue.
The Raptor Fliers Association of WA uses free-flight falconry techniques to rehabilitate injured or orphaned birds
Toyota supplier Denso and Asahi Kasei among those said to be on board
India's push comes after the flop listing of SoftBank-backed Paytm's $2.5 billion IPO in November which sparked criticism of lax oversight
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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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