NewsAnt Group to shutter China’s largest mutual aid platform Xiang Hu Bao this weekXiang Hu Bao has issued payouts to 186,000 patients since its inception. 2 mins read
Major financial institutions in the country are leaning into blockchain-based assets, drawing regulatory scrutiny. NewsUnionBank of the Philippines to launch crypto services3 mins read
The lifestyle social platform is attempting to restore its reputation by removing fake product reviews. NewsXiaohongshu sues ghostwriter brokers over fraudulent promotional content2 mins read
Conglomerates like Alibaba, Tencent, Baidu, and more may follow suit. NewsByteDance dissolves investment unit as China reportedly tightens venture oversight for internet firms2 mins read
India added the most unicorns in the fintech sector last year, followed by e-commerce, SaaS, and health-tech. NewsIndia doubled number of unicorns to 90 in 2021: Report3 mins read
Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations. NewsAnt Fortune’s investment vehicles taken offline mere days after launch2 mins read
NFTs are gaining mainstream popularity in the country due to endorsements by local celebrities and influencers. NewsIndonesian animation student earns USD 1 million from NFT selfies in four days3 mins read
Dingdong Maicai and Meicai, two online grocery platforms, have reportedly trimmed headcounts due to underwhelming business performance. NewsChina’s online grocers downsize as losses extend2 mins read
Europe is the top destination for China’s exported EVs. NewsChina’s new energy vehicles exports tripled in 2021, with half made by Tesla1 min read