Apple is working on a component of its Apple Pay service that would let users pay in installments, Bloomberg reported. The move would put it into direct competition with newer financial technology companies offering buy-now, pay-later services such as Affirm, Afterpay and Klarna. They have grown rapidly serving younger consumers skeptical of traditional credit cards who increasingly shop online....
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The Briefing Asia Markets
Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
China’s Government Asks Didi Global to Devise Plan to Delist From U.S.
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