7 April 2025

The Hong Kong Web3 Festival opened on Monday against a backdrop of plunging global markets and a sharp downturn in cryptocurrency prices, while local officials and industry leaders expressed optimism about the industry’s future given the recent policy pivot in the US. The event, hosted by crypto exchange operator HashKey Group and blockchain research organisation […]

Microsoft joint venture Wicresoft has put a halt to its China projects with the US technology giant, laying off around two thousand employees in the process, according to local media reports and some affected workers. Employees at the Shanghai office of Wicresoft – a Bellevue, Washington-based business consulting venture founded by Microsoft and its Shanghai

Cryptocurrencies sold sharply heading into the week in Asia, underscoring a clear risk-off sentiment across markets. Bitcoin shed about 7 per cent of its value from Sunday night through to Monday morning in Singapore to reach a low point of US$77,077. Second-ranked token ether plummeted to US$1,538, an intraday low not seen since October 2023.

An extensive supply chain in China that supports US consumer electronics giant Apple is facing significant disruptions from new tariffs imposed by US President Donald Trump, as share prices of major contract manufacturing partners fell by the maximum daily limit across the country’s stock markets on Thursday. Shenzhen-listed Goertek, an acoustic components manufacturer based in