Asia’s digital economy needs a new fair play rulebook

Signs indicating the available electronic payment methods in a store in China : Alipay, WeChat pay, Western Union card, and Apple pay. Photo: iStock

Company digitalization accelerated throughout the Covid-19 pandemic. Digitalization provides e-commerce systems with constant marketplace presence and eternal trading hours. E-commerce is expected to grow by 8. 1% from 2020 to 2025 across the Asia Pacific — quicker than in the United States and Europe. Digital sales in the Asia-Pacific region totaled almost US$3 trillion in 2021. The particular McKinsey […]

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CHIPS Act lures Taiwan’s GlobalWafers to Texas

Taiwan’s GlobalWafers is set to build a new semiconductor wafer factory in Texas, leveraging into the subsidies on offer from the new CHIPS Act signed into law by President Joe Biden on August 9.   GlobalWafers is expected to spend about US$2 billion on the facility initially and $5 billion eventually as wafer production, sales […]

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