Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal...
In today’s top news, Affirm is eyeing an IPO that could reach $10 billion, and Alipay and WeChat face an antitrust probe by China’s antitrust...
Two members of Congress asked the U.S. Department of Justice (DOJ) Thursday (July 30) to investigate Zoom Video Communications Inc., the video technology company, and...
China’s State Council’s Anti-Monopoly Commission is considering investigating Alipay and WeChat Pay, two of the county’s biggest online payment and money transfer platforms, Reuters reported....
Paxful says it has experienced a 350 percent jump in the use of its infrastructure in Russia, Decrypt reported. The bitcoin exchange has seen record month-over-month peaks in...
With the economic and political battles between the U.S. and China heating to a boil, one of China’s top banks is urging financial institutions (FIs)...
A group of investors with a stake in TikTok’s parent company, ByteDance, are maneuvering to take over the controversial social-media app, valuing it at roughly...
One day before Apple Inc. is set to release its latest earnings report, third-party figures reveal that its China iPhone sales increased by 225 percent...