Latest: Fintech News
VC firms, chip-industry giants and other private investors participated in 58 investment deals in China’s semiconductor sector over 3 years
Beleaguered telco's gross debt stood at 1.94 trillion rupees, comprising deferred spectrum payment obligations and government liabilities
Company had annual sales of 10 million yen but tax officials discovered huge amounts of cash going in and out of its accounts
Chinese e-commerce giant records $84.5 billion in gross merchandise sales, but growth was lowest since the shopping event was created in 2009
Financial giant towers over the digital currency world, a crypto equivalent of the London, New York and Hong Kong stock exchanges combined
Further investors are expected to join in the fundraising, which comes ahead of a planned public listing by the 'superapp' next year
Chief executive Tim Cook says digital currencies are "reasonable to own" as part of a diversified portfolio
The owner of games such as Honor of Kings, PUBG mobile and Clash of Clans has also seen advertising spend fall because of the crackdowns
Fast growth is due to the region's relatively young population, rapid smartphone usage, increasing urbanisation and burgeoning middle class
The plant in Kumamoto prefecture will focus on producing 22- to 28-nanometre semiconductors, which are critical to the vehicle sector
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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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