Latest: Fintech News
China's Ministry of Industry and IT ordered state mobile operators to inspect their networks for non-Chinese chips and map out timelines to replace them, report says
The 7.2-magnitude earthquake had raised concerns of potential disruption to the island’s globally critical semiconductor industry
The four firms were among 11 added to the US Entity List on Wednesday, an official said, along with others procuring drones for Russia's war in Ukraine
Revenue for the first quarter of 2024 was $18.54 billion, up from $16.72 billion in the same three months last year
Hong Kong authorities are desperate to improve the city's financial attractiveness after its image suffered because of Beijing’s pandemic restrictions
Ma praised the leadership of Eddie Wu and Joe Tsai. He said the split into six units helped streamline decision-making, so Alibaba is more agile and customer-focused
Seoul is desperate to retain its world-leading role in semiconductors as AI takes chip development on to the next level
Total Chinese exports to Germany have dropped amid Berlin’s decoupling push but pharmaceuticals and rare earths supplies have increased
Companies in Japan have called for a law to stop unrestrained use of AI, saying they fear democracy and social order could collapse if artificial intelligence systems are left unchecked
Contractors on the island are working to establish ‘alternative command systems abroad’ to protect global supply chains
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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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