Latest: Fintech News
Tencent invested in 258 companies, 60% more than in 2020. Alibaba made 70 investments, up 59% and ByteDance bought into 58 companies, 87% more
The group is also preparing for a major personnel reshuffle at affiliate Unisoc, China's second-biggest mobile chip developer
CEO said cryptocurrency platform was not embarking on a “bloodshed war” but planned to target countries without strong incumbents
Upbit plans to release a range of NFTs featuring members of BTS in a joint venture with the boy band’s management company, Hybe.
Zhou Jiangyong "supported disorderly expansion of capital" and "illegally accepted huge amounts of property," according to anti-graft watchdog
Shenzhen-based company plans to start selling its premium GT2 Pro phone across Europe in February for $700-$800, founder and CEO Sky Li said
The cryptocurrency has been positively correlated with S&P 500 index since early 2020, meaning they broadly move up and down together
Accident left millions in Kazakhstan, Kyrgyzstan and Uzbekistan without electricity, idling trains, disrupting flights and halting apartment lifts
Central American nation became the first in the world to allow consumers to use cryptocurrency in all transactions, alongside the US dollar
China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy
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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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