HONG KONG (Reuters) - Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. FILE PHOTO: A man cycles past a building bearing the logo of MYbank, an online lender that is an offshoot of Alibaba Group … [Read more...] about Asia’s tech champions zero in on main street banking
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HONG KONG/SEOUL (Reuters) - The sale of a controlling stake in the parent of South Korean gaming firm Nexon Co is now narrowing to a handful of serious bidders after generating fevered speculation. FILE PHOTO: Logos of online gaming firm Nexon are seen at its main office building in Seoul December 14, 2011. REUTERS/Kim Hong-Ji A deal would rank as one of South … [Read more...] about Explainer: Who is in the driver’s seat in battle for South Korean…
By Dan Strumpf WSJ Tues., Feb. 26, 2019 HONG KONG—Western countries are building more barriers to Huawei Technologies Co. equipment in their 5G network rollouts. But that won’t change an underlying truth about the next-generation communications networks: Technology developed in China will be at the center. Huawei, and its crosstown rival ZTE Corp., … [Read more...] about Where China Dominates in 5G Technology
LONDON (Reuters) - Berlin-based digital bank N26 launched in Britain on Thursday and will open in the United States in the first quarter of next year, its Chief Executive told Reuters. The logo of the Fintech N26 (Number26), seen in the N26 office in Berlin, Germany, August 19, 2016. REUTERS/Axel Schmidt The bank, which offers a suite of mobile banking services, … [Read more...] about German digital bank N26 launches in Britain, sets sights on U.S.
ZURICH (Reuters) - Swiss startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to build a bank offering cryptocurrency services to companies and investors while extending traditional banking services to firms in the new industry. Headed by former UBS managers Guido Buehler as chief executive and Andreas Amschwand as chairman, the group said on Thursday it … [Read more...] about Swiss startup SEBA raises funds to build crypto bank