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CCB posts strong performance in H1 2021 with $4.6 trillion growth in assets

CCB president, Wang Jiang, attributed the strong results to the bank's digital financial inclusion, fintech and green finance initiatives.

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Square to acquire AfterPay in $29 billion deal

Square announced its acquisition of Australian buy now, pay later (BNPL) company, AfterPay, through a $29 billion deal. Square posted a net revenue of $9.5 billion, up 101.5% year-on-year (YoY). Its subscription and services-based revenue…

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The $610 million DeFi heist that wasn’t

Despite losing over $610 million worth of cryptocurrencies to a cyber hack, touted as the largest of its kind, Poly Network was able to recover all assets shortly after. What does the increasing number of cyber thefts, and this particular…

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Almost 40% of current unicorns were created in the first eight months of 2021

The number of unicorns has increased dramatically amid a surge in venture capital investments, making 2021 a record year for privately held startup companies achieving unicorn status.

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Hong Leong’s Fuda: “Digital has forever transformed the business model”

In this Leadership Perspective series, Domenic Fuda, group managing director and CEO at Hong Leong Bank (HLB), discussed the bank’s digital transformation amid the pandemic, and how it has allowed it to innovate products and improve financial…