China crime gangs use cyberslaves across SE Asia

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This story was originally published by ProPublica, a Pulitzer Prize-winning investigative newsroom. Tens of thousands of people from across Asia have been coerced into defrauding people in America and around the world out of millions of dollars. Those who resist are facing beatings, food deprivation or worse. The ads on the Telegram messaging service’s White […]

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Asia’s digital economy needs a new fair play rulebook

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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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Geoeconomics, not geopolitics, to drive I2U2 alliance

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When US President Joe Biden sat down next to Israeli Prime Minister Yair Lapid in front of a large screen in a Jerusalem hotel last month, it appeared as if the usual post-pandemic videoconference was about to unfold. But on the other end of the video call were two more world leaders, President Mohamed bin Zayed of […]

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How the tight bond between Alibaba and Ant has weakened under regulatory pressure from Beijing

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In: South-East Asia

Alibaba said in its annual report that the two companies agreed to terminate their data spreading agreement on This summer 25, and will rather negotiate on a case-by-case basis. The proceed away from Ant comes after Alibaba experienced a hard year, with stagnant revenue growth, funds market risks, as well as national security problems. Understand full story Continue Reading