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
Southeast Asia attracted more foreign investment than China in 2023 for the first time in a decade as investors sought to create 'China+1' supply chains and benefits under the RCEP trade deal
Over 10 million Thais apply to join contentious 'digital wallet' scheme, causing the public registration system to overload on Thursday
Allocations to Japan rose to four-year highs by the end of July, Goldman Sachs said, while the retreat from China shows deep concerns about its economy
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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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