Latest: Fintech News
"Beijing and Moscow were discussing ring-fencing one or more banks that would finance trade in components for Russia's defence industry" - likely to incur US sanctions
The Modi government – widely expected to be returned to power this week – has plans to increase India's share of global manufacturing to 5% by 2030 and 10% by 2047
The investment is part of Saudi efforts to prevent “Silicon Valley dominating this industry,” FT reported, citing a source close to the Aramco-linked fund
Ministry of Justice investigators named Luxshare Precision Industry as one of eight Chinese companies "that came to Taiwan to illegally engage in the poaching our high-tech talents."
Fast fashion e-commerce retailers face rules that apply to Meta, Google, X and TikTok, as their average monthly users in Europe top a key threshold
TikTok’s Chinese parent company has ordered engineers to split the app's recommendation algorithm — a tedious task involving millions of lines of code, according to a new report
The news comes amid one of the worst H5N1 outbreaks in the recent years, with bird flu detected in poultry farms in 48 states and dairy herds in nine states.
US electric vehicle maker plans to register the latest software and may sell it as a monthly subscription to users of its cars in China
People known for displaying luxurious lifestyles have disappeared from social media sites in China recently amid a clampdown on "conspicuous displays of wealth"
Chinese carmakers' tactics to break into Europe include making cars in the EU, sponsoring events to raise brand awareness, setting up dealership networks, plus service-and-repair operations
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AF Fintech Insights
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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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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