NewsChina’s Big Tech crackdown drives Meituan out of health coverageMore digital companies dump new businesses under government pressure. 2 mins read
Token sales are set to begin later this year. NewsThailand’s main digital asset exchange will go without cryptocurrency2 mins read
Short-video company targets e-commerce for growth, in defiance of leader Alipay. NewsByteDance unveils payment service for China’s version of TikTok3 mins read
In Vietnam, use of cashless payments surged more than 500% in the first six months of 2020, compared to the same period in 2019. NewsVietnamese e-wallet Momo pushes super app plans with USD 100 million funding round3 mins read
The investment comes shortly after the Ant Group-backed firm saw a 254% year-on-year growth in transactions in 2020. NewsPhilippine-based e-wallet GCash bags over USD 175 million on the back of booming transactions2 mins read
Regional investors have also set their sights on Myanmar’s fintech market where 80% of the country’s 55 million people are unbanked. NewsMyanmar’s fintech startups go from strength to strength3 mins read
Proposed reshuffle includes under-fire lending and insurance platforms. NewsAnt eyes holding company structure under regulatory pressure3 mins read
Meituan has been criticized by regulators in Beijing for monopolistic practices before, notably for exploiting merchants with coercive exclusivity agreements. NewsMeituan hit with anti-monopoly lawsuit for ditching Alipay2 mins read
Tech giants feel a new chill with heightened scrutiny on monopolistic practices. NewsChinese regulators order Ant group to ‘rectify’ business, return to ‘payment roots’2 mins read
NewsDeals in brief: GIC backs legal AI firm Harvey, Amity and Startale raise funding, China logs 14 investments, and more