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Asia
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1.9KInternationalHSBC Axes CEO Flint In Effort To Speed Growth
In fewer than 18 months, HSBC’s chief executive officer John Flint is out, The Financial Times reported on Monday (Aug. 5). The...
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2.7KInvestmentsSoftBank Ventures Asia Notches $270M To Fund Startups
The Seoul venture capital division of Japanese multinational holding company SoftBank has raised $270 million, or 317 billion won. The new fund...
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1.6KInternationalNew China Guidelines Increase Foreign Business Opportunities
The world’s second-largest economy wants to make business transactions easier, from nurturing private enterprises to widening market access. The 30-page draft guidelines...
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1.6KInvestmentsGrab Backs UK Startup Splyt Technologies
In a move that will extend the reach of its services outside of Southeast Asia, Grab has extended a partnership with Splyt...
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2.2KSecurity & FraudFormer JPMorgan Asia Executive Charged In Hiring Scandal
A former JPMorgan Chase executive was charged in Hong Kong for bribing an executive of another firm by offering his son a...
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2.2KLoansBanks Tightened Real Estate, Credit Card Borrowing Standards In Q1
Standards on commercial real estate loans and credit card borrowing were tightened by U.S. banks during the first three months of the...
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3.1KB2B PaymentsStandard Chartered Broadens Biz Banking Services Across Asia
Standard Chartered is spreading the availability of some of its corporate financial services across Asia. A press release Monday (April 15) said...
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8.0KRetailVirtual Reality: 5G Retailers’ Secret Sauce?
Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and...
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3.0KB2B PaymentsAsia’s Corporates Driving Treasury, Banking Digitization
Large corporates across Asia are driving digital transformation of banking and treasury management in the region, according to new analysis from Greenwich...
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7.1KFintech InvestmentsLine To Expand Into Payments, FinTech To Avoid Complacency
Line, the Asian messaging company majority owned by Naver, the South Korean Internet search company, is expanding its business into payments and...
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31.5KB2B PaymentsBeehive Launches Supply Chain Finance In Asia
Business financing platform Beehive is expanding across Asia through a new banking partnership. The company announced on Saturday (Feb. 9) that it has...
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4.5KSecurity & FraudWirecard Denies New Fraud Allegations Amid Decline In Shares
Wirecard, the German-based payments company, saw its stock tank again Thursday (Feb. 7) after the Financial Times ran a new report alleging...
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4.3KInternationalFinancial Firms Form FinTech Cooperation Committee In Asia
To help FinTech startups, banks, and institutions exchange expertise, financial firms formed the Fintech Cooperation Committee in Singapore. Approximately 60 financial institutions...
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4.8KB2B PaymentsTravelstop Embraces Mobile-First Asia For Launch Of T&E App
Corporate travel and expense report management company Travelstop has launched throughout Asia, with the iPhone playing a key part in its growth...
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4.5KMobileWhat’s The Reward For Early 5G Deployment? Asia Will Soon Find Out
South Korea is taking an early lead in deployment of 5G, with three of the country’s telecoms recently deploying the service. That...
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3.6KPOS InnovationJCB Debuts QR Codes In South Asia
JCB subsidiary CB International has rolled out a new EMV QR code payment service that will allow the cardholder to make contactless...
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3.9KCryptocurrencyLack Of Insurance Hurts Crypto’s Push To Go Mainstream
Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having...
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3.8KCross Border CommerceRipple, Finablr To Launch Asia X-Border Remittances
UAE Exchange, the United Arab Emirates-based company, and Ripple, the blockchain technology company based in the U.S., are gearing up to launch cross-border...
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6.1KCross Border CommerceSWIFT Successfully Tests Instant X-Border Payments
SWIFT announced Sunday (October 21) successful test results of its new instant cross-border payments proof of concept, involving banks in China, Singapore,...
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4.1KRidesharingUber Works On Creating Bikes And Scooters
Following its acquisition of JUMP Bikes, Uber is looking to create its own versions of scooter and bikes. The company is bringing...
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2.9KPartnerships / AcquisitionsDidi Chuxing Spinoff Buys Hiservice
Didi Chuxing spinout Xiaoju Automobile Solutions (XAS) announced on Tuesday (Aug. 14) that it has acquired Hiservice, a company that provides after-service...
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2.1KVoice ActivationSonos CEO Says Google Assistant Integration Should Come Before Holidays
Sonos, the newly-public smart speaker company, which debuted on the Nasdaq Thursday (August 3), is gearing up to roll out integration with...
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3.8KInvestmentsSecoo Gets $175M Investment From L Catterton Asia, JD.com
On Tuesday (July 10), L Catterton Asia, the Asian unit of consumer-focused private equity firm L Catterton, and Chinese retailer JD.com announced...
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3.1KBank RegulationIn Asia, Finance Trade Groups Advocate For FinTech In Regulatory Efforts
Financial firms have their work cut out for them when battling the bad guys, trying ensure that funds go where they need...
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3.8KInternationalGrab CEO: Venture Capital Efforts To Eye ‘Next Generation’ Of Tech In SE Asia
Ride-hailing firm Grab, based in Singapore — which entered a deal to acquire Uber’s southeast Asia business in the first quarter —...
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5.7KBankingRevolut Plans To Apply For Banking License In The US
After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief...
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6.3KNewsFive at Five: A New AI and FinTech Investment Push
Rocket Internet Eyes AI, FinTech Investments Citing comments that Rocket Internet made after reporting earnings Tuesday (May 29), Reuters reported that CEO...
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4.3KB2B PaymentsIndia’s Alternative Finance Sector Shines Bright With Investors
Asia’s FinTech investment is hitting new high notes. According to reports published this month in e27, CB Insights found more than $2...
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2.9KRegulationThe Prospect Of More Tech Regulation Sinks Global Stocks
With concerns that technology companies can face more regulation, tech stocks were declining all over the globe — with the tech-heavy Nasdaq...
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5.2Kuber of xParis Bike Sharing Fleet Folds After Too Much Theft, Vandalism
Gobee.bike is pulling out of Paris after thousands of its bicycles were stolen or vandalized. “Over the months of December and January,...
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7.0KMobileiPhone X Hits Brick Wall In Asia
Apple’s iPhone X may be doing well in the U.S., but its price tag of $999 and up might be hurting demand...
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5.2KInternationalGoFro And Taking The Treasure Hunting Out Of Travel
American consumers have long since forgotten when booking travel was like a treasure hunt. Instead of having to search through countless sites...
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8.3KCashPayPal Report Emphasizes Asia’s Commitment To Cash
According to a new study from PayPal reported by CNBC, consumers in the Asia-Pacific market are aware of the range of digital payment options available...
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4.9KB2B PaymentsWeWork Lands $500M With Big Plans For China
It may be slow on the B2B venture capital front, with just $31.5 million in funding rounds for some pretty niche enterprise...
- 3.3KApple
Apple’s Share In Chinese Smartphone Market Falls
Apple’s market share of the Chinese smartphone market fell last quarter, putting the company at risk of falling out of the top five...
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4.4KRetailChina’s Online Retail Sees Big Boost in 2017
All over the world, the retail industry is seeing a major transformation. As more people turn to the online arena to purchase...
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3.8KB2B PaymentsIndonesian FinTech Launches App For Individual SME Investors
An Indonesia-based alternative lender is turning to the mobile device to attract small business investors. Reports Friday (July 21) said Mitrausahua Indonesia...
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5.4KInternationalBitcoin to Make India Inroads?
Bitcoin may be volatile, but as India goes cashless, the cryptocurrency might find its way into the arsenal of legal tender not...
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2.9KStartupsObEN Raises $5M From Tencent To Take On AI Celebrity Scene
ObEN, which uses artificial intelligence-powered tools to create avatars that look and sound like real people, announced it has raised $5 million...
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8.7KAlternative FinancesRenaud Laplanche’s Second Act
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as...
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3.6KFacebookIndia Is Now Facebook’s Largest Audience, Knocking U.S. To Second Place
Facebook reported to its advertisers that India has overtaken the United States to become the platform’s largest country audience. According to The...
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2.7KInvestmentsAnt Financial Resubmits MoneyGram Bid to U.S. Authorities
Alibaba Holding affiliate Ant Financial has resubmitted its bid to buy U.S. money transfer company MoneyGram to U.S. authorities for review. Reuters,...
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5.4KRetailAlibaba Is Taking On Alexa, Google Home, DingDong and Little Fish With New Smart Speaker
In its latest effort to keep up with its American big brother Amazon, China’s eCommerce giant Alibaba has announced the debut of...
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4.7KInternet of ThingsAyla Networks Announces Enhancements To Its IoT Platform
Ayla Networks has announced enhancements to its Internet of Things (IoT) platform that will help propel manufacturers of connected products toward the next...
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6.6KPayment MethodsAndroid Pay Now In Taiwan
Google is making a big push with Android Pay, announcing Thursday (June 1) it is now in Taiwan, marking the thirteenth country for...
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6.8KCashNEW REPORT: Asia Pacific, Still Cash Crazy
Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the...
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5.5KSecurity & FraudEverything You Need To Know About WannaCry
This was, truly, the cyberattack heard round the world. And to quote an old investing maxim, “You never know who’s swimming naked...
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3.3KRetailLuxury Market Gets Tougher For Michael Kors After Coach Buys Kate Spade
Already facing struggling sales after rapid expansion, Michael Kors Holdings Ltd. must now deal with the merger of two of its biggest rivals....
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3.0KSecurity & FraudInterpol Investigation Found 9,000 Infected Southeast Asia Servers
International police organization INTERPOL led a major investigation into cybercrime in Southeast Asia, along with seven other nations in the area. After conducting...
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2.7KDaily Data DiveToday In Data: Companies In Flux
There’s a flurry of activity going on in terms of acquisitions, expansions and downsizing. From providing better security tools to moving into...
