$5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans
Money transfer unicorn Zepz is looking to expand its business through mergers and acquisitions, the company’s CEO Mark Lenhard told CNBC.
TikTok to invest billions of dollars in Southeast Asia, CEO says
The platform has yet to translate the large user base into a major e-commerce revenue source in the region as it faces fierce competition from bigger rivals.
China to see the world’s biggest millionaire exodus this year, new study shows
According to a report by investment migration consultancy Henley & Partners, China is expected to lose the largest number of dollar millionaires this year due to migration.
Microsoft’s co-founder Bill Gates will reportedly meet China’s Xi this week
Gates tweeted saying he had landed in Beijing to “visit with partners” working on global health and development challenges for the Bill & Melinda Gates Foundation.
Asia inflation has peaked, region’s growth to overtake U.S. and Europe, Morgan Stanley says
Asia’s growth is set to outpace that of the U.S. and Europe’s by the end of this year, says Morgan Stanley.
Canada freezes ties with China-led AIIB, probes allegations of Communist domination
The bank’s global communications director, a Canadian, said on Wednesday he had resigned and criticized the bank as “dominated by the Communist Party.”
Is it too late to join the market rally? Morgan Stanley’s Slimmon weighs in and names stocks to buy
The S&P 500 and Nasdaq reached new highs on the back of Tuesday’s inflation data. “There’s just been too much froth,” says Andrew Slimmon.
China’s youth unemployment hits a fresh record high in May, major data disappoint
Authorities have started to loosen monetary policy in a bid to support growth, although broader measures aren’t expected until top leaders hold a regular meeting in late July.
Chinese Tesla rival Xpeng gets approval to roll out driver-assist tech in Beijing
Chinese electric car brand Xpeng announced Thursday it received approval to start rolling out assisted driving tech to users in the nation’s capital city.
China cuts a key policy rate for first time in 10 months as economic rebound cools
China’s central bank lowered its key medium-term lending rates on Thursday, in a much anticipated move.
