Latest: Fintech News
China’s RedNote — also known as Xiaohongshu — and Lemon8 have become the top two most downloaded apps in the US this week
The short video app is facing a January 19 deadline for a ban in the US, unless its Chinese owner ByteDance divests its US operations
The group, which describes its business as "emissions intelligence," has raised an extra $5 million to enter the insurance sector to focus on emissions risk management.
Rescue of little-known actor gets widespread publicity in China, which has led to tour groups cancelling Lunar New Year trips
Chinese state media says the development could lead to “overwhelmingly unfavourable consequences” for Taiwan and global chip supply chains
US court appears to see control of the app as the key issue in the case, and a top analyst says the world is entering a dangerous phase as US-China ties 'decouple'
New rules will cap exports of AI chips to adversaries such as China and Russia, while allowing US companies and close allies unlimited access
Latest US probe finds China subsidized labour costs in the shipbuilding as part of plan to dominate the sector; analysts say it opens the door to tariffs by Trump
The app and its Chinese parent have maintained that selling off US operations was not possible as it would be a complicated process that would also be prohibited by Beijing
A rise in the value of the dollar has hit the Southeast Asian currency and caused an 18% spike in the trade deficit over the first 11 months of 2024
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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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