APAC

Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
Japan’s Financial Regulator: Local Impact From FTX Collapse ‘Minimal’
November 16, 2022  |  Regulation

Aiming to determine Japan’s exposure to FTX, the country’s Financial Services Agency (FSA) has reportedly asked local cryptocurrency exchanges if the collapse of FTX and...

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Opn Enters US Payments Market With $400M MerchantE Deal
Opn Enters US Payments Market With $400M MerchantE Deal
November 15, 2022  |  Acquisitions

Japanese FinTech unicorn Opn has entered the American payments market with its purchase of MerchantE, a B2B digital commerce platform. “With the acquisition, Opn’s global...

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Indian FinTech Lentra Nets $60M on $400M Valuation
Indian FinTech Lentra Nets $60M on $400M Valuation
November 14, 2022  |  Investments

India-based lending software provider Lentra has raised $60 million in a Series B funding round and said it will use the new capital to expand...

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Report: Ant Group’s Consumer Finance Unit Plans to Raise $1.5B
Report: Ant Group’s Consumer Finance Unit Plans to Raise $1.5B
November 14, 2022  |  Investments

Chongqing Ant Consumer Finance — the consumer finance unit of China-based Ant Group — is reportedly planning to raise the equivalent of $1.5 billion in...

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FTX Japan Gauges Whether Customers Can Get Refunds
FTX Japan Gauges Whether Customers Can Get Refunds
November 14, 2022  |  Cryptocurrency

The Japanese arm of collapsed cryptocurrency exchange FTX is trying to determine whether the company’s recent bankruptcy will affect its ability to refund digital assets....

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AliPay+ Transactions up 40% During Singles Day Shopping Event
AliPay+ Transactions up 40% During Singles Day Shopping Event
November 11, 2022  |  Digital Payments

During the 10 days leading up to China’s Singles Day shopping event, there was a 40% increase in the number of online transactions via the...

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Report: China’s Singles Day Retail Growth Expected to be Weakest Ever
Report: China’s Singles Day Retail Growth Expected to be Weakest Ever
November 11, 2022  |  Retail

China’s Singles Day — a weeks-long shopping event that has become a key measure of consumer demand in the country — has reportedly seen a...

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If ‘Single’s Day’ Is Prime Day on Steroids, Retailers Can’t Blow the Payments Part
If ‘Single’s Day’ Is Prime Day on Steroids, Retailers Can’t Blow the Payments Part
November 11, 2022  |  Retail

Started by Chinese eCommerce giant Alibaba.com as a kind of Valentine’s Day for the unattached to buy gifts for themselves, the annual Nov. 11 Single’s...

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Coupang Builds Momentum With ‘Milestone’ Q3 Profit
Coupang Builds Momentum With ‘Milestone’ Q3 Profit
November 10, 2022  |  Retail

South Korean eCommerce platform Coupang reported its first-ever profit Wednesday (Nov. 9), a landmark the company attributed to its investments in technology. “We achieved another...

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