Latest: Fintech News
Changes planned as e-commerce group faces headwinds from increased competition, a slowing economy and a regulatory crackdown
Firings are running as high as 40% for the least profitable divisions, several company employees said
The embattled crypto exchange will acquire the stake, which includes its own investment, via its Singapore arm Binance Asia Services
Planning officials are worried about data centres, which consume large amounts of energy to cool computers, as they can ramp up power usage and negate China's ability to curb emissions
Beijing targets new companies in sensitive sectors that use variable interest entities to attract international capital and list overseas
Indonesia has about "180 million tech-savvy younger consumers" and is one of the largest financially underserved markets in Asia
The country will also broaden online transaction laws to cover Apple and Google, as well as buy-now-pay-later providers such as Afterpay
China has reined in its most successful and freewheeling tech giants while European countries have attracted further investment
Researchers investigate proof-of-concept for the issuance of a tokenised form of CBDC used by wholesale market participants
Ex-PM plans final appeal to Federal Court after his conviction for illegally receiving about $10 million from SRC International is confirmed by the Appeals Court
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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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