Latest: Fintech News
Federal officials found Xiang Haitao in possession of copies of a proprietary predictive algorithm as he was waiting to board a flight to China
IPOs by Vertex Technology Acquisition Corp (VTAC) and Pegasus Asia mark the first SPAC listings in Asia since the frenzy for such blank-check firms began in the US in 2020
Russia sent soldiers into Kazakhstan on Thursday to help put down the countrywide uprising after violence spread across the former Soviet state
Criminal transactions, involving bitcoin and its peers, totalled $14 billion, up 79% from 2020, while crypto scams were up 82% last year, according to Chainalysis research group
Earnings at the South Korean company - the world’s largest producer of computer chips and smartphones - are likely to increase further this year
China's copyright authority said on Thursday digital music platforms are not allowed to sign exclusive copyright agreements except in special circumstances
Weixin said the number of active mini programmes operated by overseas merchants increased 268% over the past two years, with total transaction volumes growing 897%
Total revenues exceeded 1.4 trillion yuan ($219 billion) , a year-on-year increase of 22.3%, while operating profits totalled 128 billion yuan, a year-on-year increase of 14.8%
Nikkei Asia reported the company seeks to turn electronic waste into a stable source of gold, copper and other metals using the platform
The e-CNY is available on distribution platforms in 12 cities, including Shenzhen, Suzhou, Chengdu and Shanghai
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AF Fintech Insights
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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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