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The Hong Kong-based insurtech company YAS Digital Ltd. and the Italian insurance company Assicurazioni Generali S.p.A. (OTC:ARZGY) have introduced NFTY, which it's promoting as the world’s first microinsurance for non-fungible tokens (NFTs). What Happened: YAS defines its microinsurance program as “a type of insurance that offers coverage for specific needs at a much more affordable price.” The company introduced the concept last year with RYDE, which provides insurance for passengers taking commuter rides of up to 90 minutes. YAS initially marketed its microinsurance concept across ...

Four Jimmy Lai Cases in a Day Show Hong Kong Silencing Activists Bloomberg 2 hrs ago Iain Marlow and Chloe Lo (Bloomberg) -- On Friday alone, Hong Kong media tycoon and pro-democracy activist Jimmy Lai faces four separate court appearances, a sign of the severity with which authorities are cracking down on dissent in the former British colony. Lai, owner of the pro-democracy Apple Daily newspaper, is scheduled to be sentenced on charges related to unauthorized protests in a pair of hearings starting at 2:30 p.m. Then he’ll attend a hearing to kick off a fraud case related ...

Mar 17, 2021 As news broke that China was pressuring Jack Ma’s Alibaba Group Holding Ltd. to sell the South China Morning Post, surprised employees pondered the future of Hong Kong’s main English-language daily. When Hangzhou-based Alibaba bought the SCMP in 2015 for $266 million, it injected much-needed cash into its operations and pledged that the century-old newspaper would retain editorial independence. While the newspaper has come under steady criticism for a tilt toward Beijing under Alibaba, its journalists closely covered the 2019 pro-democracy protests in Hong Kong while...

Read more about Jack Ma's SCMP joins Hong Kong media groups facing China control on Business Standard. Beijing has moved to stifle Hong Kong's democracy motion over the previous 12 months

Hong Kong’s top court ordered media tycoon Jimmy Lai to stay in jail ahead of his trial on foreign collusion charges, in a victory for Beijing that shows the city’s judges are unlikely to challenge a China-drafted security law.