Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes' annual rich list.The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine.This narrowly beats New York City, which hosts 99 and has held the top ranking for the last seven years.China's quick containment of COVID-19, the rise of its technology firms and stock markets helped it gain top spot.Although Beijing now has more billionaires than

Ever since Alibaba founder Jack Ma criticised Chinese financial regulation in a speech last October, a regulatory storm has pummelled the country’s entire online financial and consumer sector.

Since the Chinese authorities suddenly halted fintech conglomerate Ant Group’s planned initial public offering in autumn 2020, its parent company, e-commerce king Alibaba, has been facing harsh regulatory scrutiny.

Even as the digitalisation of small and medium-sized enterprises (SMEs) gathers more momentum, Malaysia should not neglect its smaller SMEs (i.e., more than five but less than 25 employees) and micro-businesses (i.e., five or less employees). With the reimposition of the movement control order (MCO) 2.0 in the ASEAN member state, assistance for smaller businesses and micros by now should include more help to digitalise, specifically to adopt e-payment or cashless payment met

China tech giant Alibaba offered face-recognition software that could enable users to identify Uighurs, a report said, making it the latest Chinese company embroiled in the country's controversial treatment of the Muslim minority.Alibaba's website for its cloud-computing business showed how clients could use the software to detect the facial features of Uighurs and other ethnic minorities within images and videos, according to The New York Times.The references, later removed by Alib

The tech world was recently abuzz with news that Grab was in a favourable position to acquire its long-time rival, Gojek.

Whether in Paris, Kuala Lumpur or California, gig economy workers fear they can no longer survive on meagre earnings from jobs that leave them increasingly vulnerable.The term "gig" stretches back a century to jazz musicians who used it to refer to a one-off show but now the "gig economy" involves millions of people in all sorts of jobs, from Uber drivers to Deliveroo delivery teams.Algorithm Slaves  Wissem Inal does more than 700 kilometres (450 miles) a week on

Online shopping is not entirely a new phenomenon in Southeast Asia. Nevertheless, more people are buying daily necessities, gadgets and luxury purchases online now, especially amid the pandemic.

Yesterday, The ASEAN Post published an article titled, “The Future Of Consumption In ASEAN” that discussed the four “mega-forces” identified by the World Economic Forum (WEF) that will determine the pace and scale of the region’s growth.As ASEAN as a bloc is expected to become the world’s fourth-largest economy by 2030, the region’s consumer habits are also expected to change in that period.

ASEAN is set to become the world’s fourth largest economy by 2030, and it is a transition that will be championed by an increasingly tech-savvy younger population which is rapidly rising up the socio-economic ladder. ASEAN’s digital economy – a collective term for all economic transactions that occur online – will progress in hand with this, and is expected to expand 6.4 times from US$31 billion in 2015 to US$197 billion by 2025 according to the Economic Research Institute for ASEAN