A Hong Kong Court is due to hear applications on Monday to wind up the world's most indebted developer in what may be one of the biggest and most complex liquidation cases ever.

Shares of Chinese gaming firms rose on Tuesday amid speculation the regulator may back down on new rules that would curb spending on online games

The world's largest maker of memory chips, smartphones and TVs says its operating profit for October to December will drop to $2.1 billion

The planned acquisition follows the Chinese financial technology group’s purchase of Singapore-based payments firm 2C2P

Some large Indian private and state-run lenders disbursed amounts related to employee benefit schemes directly to staff's CBDC wallets, instead of their salary account in December

Two of China's biggest state-owned banks and a leading joint-stock bank have stepped up reviews of smaller lenders, as debts from the intensifying property crisis hit the financial sector

The People’s Bank of China has confirmed the payment app no longer has a controller after Ma gave up most of his voting rights

The new rules, which effectively set spending limits for online games, dealt a big blow to the world's biggest gaming market. Tencent shares tumbled 12.3%, while Netease plunged 24%

Wu now leads the overall group as well as its two most important business divisions – cloud and domestic e-commerce

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts

China's video-game market jumped back up this year with domestic revenue topping 300 billion yuan for the first time

China tech giant will return to online shopping in Indonesia after paying $1.5bn for most of GoTo's e-commerce unit and 75% of Tokopedia