Russian e-commerce platform Ozon. Photo: EPA-EFE

Russian e-commerce giant Ozon sees ‘window of opportunity’ for Chinese cross-border sellers

Ozon sees a ‘window of opportunity’ for Chinese merchants in Russia as Western brands retreat, and as e-commerce infrastructure improves.

4 Dec 2022 - 9:30AM

FTX investors pressed for info on Sam Bankman-Fried and other key figures

The US Attorney’s Office for the Southern District of New York sent a slew of requests asking for a list of FTX employees and associates.

The US Attorney’s Office for the Southern District of New York sent a slew of requests asking for a list of FTX employees and associates.

2 Dec 2022 - 10:02AM

Explainer | What does Hong Kong mean by virtual assets?

New rules on virtual assets from June 2023 will bring all unregulated crypto platforms under SFC oversight as Hong Kong vies to become Asia’s cryptocurrency hub.

New rules on virtual assets from June 2023 will bring all unregulated crypto platforms under SFC oversight as Hong Kong vies to become Asia’s cryptocurrency hub.

2 Dec 2022 - 8:30AM

Hong Kong ‘must spend more on digital economy’ to catch Singapore, India

Hong Kong needs to substantially increase its investment in technology and the digital economy if it is to catch up with Singapore, mainland China and India in a field that affects its standing as an international centre for trade, according to the CEO of the local Chamber of Commerce.

Hong Kong needs to substantially increase its investment in technology and the digital economy if it is to catch up with Singapore, mainland China and India in a field that affects its standing as an international centre for trade, according to the CEO of the local Chamber of Commerce.

1 Dec 2022 - 6:32PM

Hong Kong’s main lesson from FTX’s collapse? More regulation is needed

The head of the Hong Kong Monetary Authority says planned virtual asset regulations will address money laundering and protect investors.

The head of the Hong Kong Monetary Authority says planned virtual asset regulations will address money laundering and protect investors.

1 Dec 2022 - 12:28AM

MORE STORIES

Figurines with smartphones and computers seen in front of the BlockFi logo in this illustration taken November 28, 2022. Photo: Reuters

BlockFi says it is ‘the antithesis of FTX’ in bankruptcy hearing

As the first direct casualty of FTX’s collapse, BlockFi sought to distance itself from that exchange by saying it did not face the same management issues.

30 Nov 2022 - 12:00PM

Hong Kong crypto exchange AAX hit by losses at 10kM trading unit: source

Former employee says AAX’s troubles have been partly caused by trading strategies and risk management practices at its market maker 10kM Trading.

Former employee says AAX’s troubles have been partly caused by trading strategies and risk management practices at its market maker 10kM Trading.

2 Dec 2022 - 11:13AM

BlockFi files for bankruptcy, citing FTX exposure

New Jersey-based BlockFi filed for bankruptcy after exposure to FTX led to a liquidity crisis, but said it does not face the ‘myriad issues’ as that exchange.

New Jersey-based BlockFi filed for bankruptcy after exposure to FTX led to a liquidity crisis, but said it does not face the ‘myriad issues’ as that exchange.

29 Nov 2022 - 9:58AM

Eastern China’s Hefei now home to country’s first advanced tech application hub

The Advanced Technology Application and Promotion Centre represents a major national initiative located in Hefei, capital of eastern Anhui province, instead of at the southern tech hub of Shenzhen.

The Advanced Technology Application and Promotion Centre represents a major national initiative located in Hefei, capital of eastern Anhui province, instead of at the southern tech hub of Shenzhen.

28 Nov 2022 - 6:30PM

FTX collapse prompts reckoning on Dubai’s embrace of crypto giants

The collapse of FTX and Three Arrows Capital this year has prompted some to question Dubai’s commitment to the cryptocurrency industry.

The collapse of FTX and Three Arrows Capital this year has prompted some to question Dubai’s commitment to the cryptocurrency industry.

28 Nov 2022 - 11:06AM

Cubans turn to chat apps to find the goods they need

Group messaging has become one popular avenue for people to find goods unavailable in stores as internet usage booms on the communist-governed island.

Group messaging has become one popular avenue for people to find goods unavailable in stores as internet usage booms on the communist-governed island.

28 Nov 2022 - 9:58AM

FTX remnants remind Hong Kong of the bullet it dodged

The remaining operations of FTX and Alameda in Hong Kong after they relocated are giving local regulators a chance to prove they were right.

The remaining operations of FTX and Alameda in Hong Kong after they relocated are giving local regulators a chance to prove they were right.

28 Nov 2022 - 9:32AM

Tencent and ByteDance’s Moonton get court date for latest infringement battle

Moonton alleges that Tencent infringed on the intellectual property, adding to open disputes between the two companies that have grown in intensity amid an industry crackdown.

Moonton alleges that Tencent infringed on the intellectual property, adding to open disputes between the two companies that have grown in intensity amid an industry crackdown.

26 Nov 2022 - 4:00PM

Binance CEO Zhao says crypto regulation is better than fighting it

Binance CEO Zhao Changpeng told an audience in Athens that governments ‘understand that adoption will happen regardless’.

Binance CEO Zhao Changpeng told an audience in Athens that governments ‘understand that adoption will happen regardless’.

26 Nov 2022 - 1:00PM

China’s Covid-19 regime is undermining the world’s largest iPhone factory

The fiasco at Foxconn's Zhengzhou facility, Apple’s main assembler of iPhones, has shown that China’s manufacturing miracle is quickly being undone by three years of draconian Covid-19 controls.

The fiasco at Foxconn's Zhengzhou facility, Apple’s main assembler of iPhones, has shown that China’s manufacturing miracle is quickly being undone by three years of draconian Covid-19 controls.

27 Nov 2022 - 2:35PM

Tech hub Hangzhou pledges US$14 million annual funding for video gaming, esports

The programme reflects the extensive preparations of Hangzhou, capital of eastern Zhejiang province, ahead of hosting next year’s Asian Games, where esports will be a medal event.

The programme reflects the extensive preparations of Hangzhou, capital of eastern Zhejiang province, ahead of hosting next year’s Asian Games, where esports will be a medal event.

25 Nov 2022 - 7:51PM

Why China’s support for Foxconn in Zhengzhou descended into violent protests

The latest disruption to Apple’s supply chain could accelerate the pace of shifting more electronics production outside mainland China to countries like Vietnam and India.

The latest disruption to Apple’s supply chain could accelerate the pace of shifting more electronics production outside mainland China to countries like Vietnam and India.

25 Nov 2022 - 9:41AM

Founder Richard Liu urges JD.com to cut prices amid tough retail sector

Liu was particularly unhappy about the retail sector with JD.com failing to match e-commerce competitors on pricing, according to leaked speech.

Liu was particularly unhappy about the retail sector with JD.com failing to match e-commerce competitors on pricing, according to leaked speech.

25 Nov 2022 - 9:37AM

China’s golden week holiday gamers push sales higher in October

The rebound is welcome news to industry players in the world’s largest video gaming market following a dismal third quarter.

The rebound is welcome news to industry players in the world’s largest video gaming market following a dismal third quarter.

24 Nov 2022 - 6:30PM

Violence erupts at Foxconn iPhone plant as workers protest over conditions

The scenes of violence have upset the image that local official media had painted of a smooth resumption of production at the Foxconn plant amid strict Covid-19 restrictions.

The scenes of violence have upset the image that local official media had painted of a smooth resumption of production at the Foxconn plant amid strict Covid-19 restrictions.

24 Nov 2022 - 4:21PM