Latest: Fintech News
China’s ride-hailing giant Didi Global has cut half its UK employees and told staff plans to launch services in the UK and Europe are on hold till at least 2025, the Guardian said
The sell-off was triggered by deepening investor worries over inflation and higher interest rates. Cryptocurrencies were dragged down, too.
The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics
The JD Technology IPO is a $2-billion listing planned for Hong Kong later this year, but it has been held up by CSRC concerns over its consumer fintech business.
The company upset Chinese regulators by pushing ahead with a $4.4 billion listing in the US despite being asked to put it on hold. Shareholders will vote on its US delisting plan on May 23.
The fund outperformed all other actively managed US equities in 2020 on the strength of its portfolio of companies such as Zoom Video Communications and Teladoc Health
The US Indo-Pacific Economic Framework has four pillars: supply-chain stability, digital economy, the fight against climate change and one related to labour, tax and anti-corruption measures
US Commerce Secretary Gina Raimondo says Beijing is pushing US executives, companies and business groups to fight against China-related bills in Congress
The draft order would grant Attorney General Merrick Garland authority to review and potentially bar some commercial transactions involving the sale of or access to data
The pillars of the new law include protecting sensitive technology, strengthening supply chains for semiconductors and encouraging new tech such as artificial intelligence
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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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