picture (Nikkei Asia) — Valuations for ByteDance Ltd. and Huawei Technologies Co. Ltd. have held up or even risen this year while the shares of many listed Chinese technology companies have tumbled amid Beijing’s widening crackdown on the sector, according…
Tencent Holdings Ltd. reported its slowest pace of quarterly revenue growth since early 2019. Photo: Bloomberg (Bloomberg) — Tencent Holdings Ltd. warned investors to brace for more regulatory curbs on China’s tech sector, telegraphing that Beijing plans to expand restrictions…
Common prosperity / China pledges to rein in incomes of the wealthy and build common prosperity China’s top leaders vowed to strengthen regulation of the country’s wealthy people, including “reasonably adjusting excessive” income and encouraging high-earning groups and enterprises to…
The financial institutions and fintech companies are offering customised user experiences and financial products tailored to their customers’ needs. At this point in time, US-based fintech Pngme, a financial data infrastructure and machine learning-as-a-service platform has raised funding. It allows…
Wang Yi, foreign minister of China. Photo: gov.cn Afghanistan / China coordinates with U.S. and Russia on Afghan power transfer China has been coordinating with Russia and the United States on their Afghan policies to ensure an “orderly transfer of…
Austria’s digital investment platform, the country’s first unicorn, Bitpanda has bagged $263 million (nearly £190 million) in Series C funding, which values it at $4.1 billion (nearly £3 billion). This round has come just months after the company attained unicorn…
A leading specialised payments platform from London, Paysafe, has announced that it will acquire a US-based e-commerce payments platform, SafetyPay for $441 million (nearly £320 million) in an all-cash transaction. Paysafe enables businesses and consumers to connect and transact seamlessly…
Are you interested in investing in stocks? Are you also looking for the best stock trading apps in the UK? Here is a list of mobile apps that charge you zero to a meagre amount to trade stocks. Take a…
A challenger credit card fintech from London, Keebo has announced to have closed £5 million in a seed equity funding round. Keebo is the only credit card and app company authorised by the FCA for open banking based underwriting that…
The second five-year guideline on rules-based governance calls for strengthening enforcement of antitrust and unfair competition rules Antitrust / New regulation plan pledges ‘consistency,’ respect for rule of law amid roiling markets China’s top policymakers sought to reassure jittery investors…
Chinese regulators have beefed up anti-monopoly measures in a five-year plan unveiled Wednesday. Photo: IC Photo In a five-year plan unveiled Wednesday, Chinese regulators beefed up anti-monopoly measures. The following is a timeline compiled by Caixin Insight about how regulations…
A worker displays new beauty treatments at the China International Beauty Expo in Guangzhou, South China’s Guangdong province，on March 10. Photo: VCG Twin regulatory headwinds for China’s booming “medical beauty” industry — one focused on financial and another on medical…
It’s only by interactive dialogue, understanding each another and having respect for one another that we can create the necessary climate for a peaceful and sustainable world. Photo: VCG Young people today are coming of age in a world beset…
There is a lot of consumer interest in Buy Now, Pay Later (BNPL) as lending has grown significantly in recent years. Various surveys suggest the majority of UK consumers aged 18-24 prefer BNPL options over credit cards. As a result,…
Hong Kong’s gauge for tech stocks regained some of the ground lost during its slump to a record low last month (Bloomberg) — Chinese internet stocks rallied Tuesday in Hong Kong after some brokers started turning optimistic on the sector…
The music streaming unit of NetEase is postponing its Hong Kong initial public offering. Photo: Bloomberg (Bloomberg) — Cloud Village Inc., the music streaming arm of Chinese gaming giant NetEase Inc., is postponing the launch of a Hong Kong initial…
JPMorgan Chase & Co. won approval for 100% control of J.P. Morgan Securities (China) Co. Photo: Bloomberg (Bloomberg) — JPMorgan Chase & Co. won approval from Chinese regulators for registration of full ownership of its China securities venture, a step…
And just like that, the world almost feels normal again. Restrictions have lifted, and there’s life back in the economy at last! One tell-tale sign of this? Companies are on serious hiring sprees. We know this because our job board…
The headquarters of Alibaba Group Holding Ltd. in Hangzhou, China, on May 8, 2021. Photo: Bloomberg (Bloomberg) — Alibaba Group Holding Ltd. has warned investors that years-long government tax breaks for the internet industry will start to dwindle, adding billions…
Photo: Bloomberg (Bloomberg) — Asia’s hardware technology stocks, led by chipmakers, are getting back in the spotlight as China’s regulatory onslaught casts a shadow over some of the region’s biggest and hottest software names. The MSCI Asia Pacific Information Technology…
Bukalapak was founded in 2010 as an e-commerce platform but has since branched into other services. Photo: IC Photo (Nikkei Asia) — Shares in Bukalapak, one of Indonesia’s leading e-commerce platforms, surged in their market debut on Friday in Jakarta,…
Tembo Money is a London-based fintech company working on the mission to transform consumer lending through the power of family. Now, the company announced that it has closed a £2.5 million funding post its official launch in June 2021. Eyes…
Carbon / In Depth: China’s launch of world’s largest carbon market has a sputtering start China launched its long-awaited national carbon trading market, marking a major step by the world’s largest greenhouse gas emitter to realize ambitious climate goals. With…
Ant Group uses big data to analyze the creditworthiness of borrowers and cooperates with commercial banks. Photo: VCG The era of internet platform companies’ freewheeling growth has passed. It is unknown how they will develop and interact with regulators in…
The World Bank claims that 1.7 billion people all over the world are unbanked. To better serve those who are financially excluded, financial institutions are investing in technology as part of more comprehensive digital transformation strategies. This is where London-based…
Yobota is a London-based next-gen core banking platform that has built a fast, flexible, cloud-native core banking platform, which allows clients to create and run innovative financial products. The company is in the headlines now as it has announced the…
A 300 millimetre wafer used for semiconductor research at the Interuniversity Microelectronics Centre (Bloomberg) — Chinese automobile-chip maker stocks tumbled after the government launched a probe into possible price manipulation, putting a brake on share surges buoyed by a global…
Former Hong Kong stock exchange CEO Charles Li (left) and Zhang Gaobo (right) announcing the launch of Micro Connect. Photo by Wei Yiyang/Caixin Charles Li, the former chief executive of Hong Kong Exchanges and Clearing Ltd., launched an investment platform…
Trading 212 UK Limited, a London-based FCA-regulated online broker offersing trading services with forex, company shares, and CFDs. Now, the company has secured £13.75 million in capital from its shareholders Borislav Nedialkov and Ivan Ashminov, who are also its co-founders.…
China’s government will continue to foster digitalization and encourage technology innovation, which have been highlighted as key strategies for long-term development. Photo：VCG The Politburo held a meeting on July 30 to set economic policy priorities for the second half of…
UK venture capital firm, Element Ventures, has announced a $130 million fund aimed at funding the founders and ideas that will be powering tomorrow’s financial technology. The fund was backed by more than thirty founders and executives from the financial…
The China Evergrande Centre in Hong Kong on July 23. Photo: Bloomberg (Bloomberg) — China Evergrande Group has agreed to sell stakes in its internet unit for a total of HK$3.25 billion ($418 million), in a further bid to ease…
China’s regulatory crackdown has sent shockwaves through global stock markets. Photo: VCG Stocks of offshore-listed Chinese companies have slumped recently amid Beijing’s sweeping regulatory actions targeting a range of industries from fintech and ride-hailing to after-school education. Overseas investors are…
(Bloomberg) — China ordered 25 technology companies to carry out internal inspections as part of a campaign to root out illegal online activity. The Ministry of Industry Information Technology told its largest internet and hardware companies including Alibaba Group Holding…
U.S. Securities and Exchange Commission Chairman Gary Gensler The U.S. Securities and Exchange Commission will require additional disclosures from Chinese companies seeking to sell stock in the U.S. as the Chinese government’s crackdown on foreign listings and enhanced cybersecurity reviews…
Cryptocurrencies are in the thick of hundreds of controversies, if not thousands! These high-yielding financial assets had a difficult journey right from the start. The primary reason is the lack of central authority (decentralised payment network), and hence governments globally…