Latest: Fintech News
A US District Judge said the former billionaire wunderkid was responsible for one of the biggest financial frauds in US history
BYD has set back plans for an EV factory in Vietnam, while CATL has said solid-state batteries are problematic and have safety issues
US Treasury Secretary Janet Yellen has accused China of ‘distorting prices’ with its increased green tech production levels
China will make tech innovation a focus of economic growth and aims to help drive a global economic recovery this year, Zhao Leji said at the Boao Forum for Asia
The Chinese president also warned his Dutch counterpart against restricting chip ties with Beijing, amid increasing pressure from the United States
The e-commerce giant has abandoned plans to list its cross-border logistics unit and is offering minority shareholders of Cainiao a chance to sell their stock for $0.62 per share
China leads the world in the number of patents filed for quantum computing technology but still lags behind the United States in terms of capability
A US Treasury warning of secondary sanctions has sparked concern among banks in China, Turkey and the UAE, delaying payments for Russian oil
Profits jumped by 10% in the first two months of 2024, data from the National Bureau of Statistics showed, suggesting that economic conditions are improving
Beijing claims Washington is using the cover of climate change and emissions reductions to avoid subsidising Chinese products in its EV supply chain
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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Fintech: The Big Picture
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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