FundPark, a Hong Kong-based fintech start-up that provides trade finance for small and medium enterprises (SMEs), has secured US$500 million from Goldman Sachs, the second funding facility from the US investment bank in two years. Goldman recently doubled the asset-backed securitisation facility to up to US$500 million, from what it provided FundPark in 2022, CEO and co-founder Anson Suen Wai-loi said, adding that it was one of the largest of its kind received by a fintech firm in Asia. "Goldman
The Palestinian envoy to the United Nations called China "a true friend ready to do everything they can to help the Palestinian people" on Thursday, days after Chinese Foreign Minister Wang Yi pledged Beijing would provide more assistance and push for a ceasefire in the Gaza Strip. Riyad Mansour, attending the 19th summit of the Non- Aligned Movement (NAM) in Kampala, Uganda, said that China had been "generous" with its assistance, including diplomatic support, as the Israel-Gaza war passed 100
This article was first published by The Korea Times in a partnership with the South China Morning Post. A resident of eastern Jiangsu province, 48-year-old Shen Ling used to own a number of Samsung Electronics smartphones in the 2010s, attracted by the devices' well-designed appearance and popularity among consumers across mainland China. "It was once an age of glory for Samsung in China, when so many of my friends were using the brand for its high-end market standing," Shen said. "I also chose
Chinese Premier Li Qiang, meeting with Irish President Michael Higgins in Dublin on Wednesday, called for more mutually beneficial cooperation with Ireland as he continued to push for better relations with Europe. Li, the No 2 Chinese leader, offered to deepen cooperation in trade and investment, green development and technological innovations as well as educational and cultural exchanges. "Our two countries should jointly safeguard a free and open international trade system, maintain the stabil
Google will let global Android smartphone users search for content in other applications without having to exit them, a move aimed at boosting its search engine and driving engagement for app developers. Google's new Circle to Search feature, to be rolled out "gradually" from January 31 on some premium Android smartphones, will allow users to select text, images or videos in any other apps, and have Google search them within the apps, the US technology giant said on Thursday. For example, users