Latest: Fintech News

Shenzhen's 'unusual' support for handset maker may stem from the firm being a big revenue stream at a time when property revenue has slumped dramatically

The US has attempted to limit the kind of chips Nvidia can sell to China to hinder the country's AI development

The Nikkei in Japan suffers its biggest ever one-day loss, plummeting by a whopping 13%, while Taiwanese and Korean shares both sank by more than 8%.

The impacts of China's downturn – caused by a protracted property slump, huge local government debt, job insecurity, geopolitical tensions and other issues – are being widely felt across borders

There is speculation the US carmaker will seek to sell insurance policies in China, after it registered an insurance brokerage in Beijing on Tuesday

China's household spending is less than 40% of GDP, 20 points below the global average; to revive consumption to its pre-pandemic level would require $400 billion to $1 trillion in spending

Campaigners are pushing for an antitrust investigation into the tech giant, which claims roughly 80% of the AI chip market, over fears about its power