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Latest: Fintech News

Year of Wins Propels Huawei From ‘Survival’ to $100bn Revenue
Year of Wins Propels Huawei From ‘Survival’ to $100bn Revenue

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

JD.com Wins $140m Anti-Monopoly Case Against Alibaba
JD.com Wins $140m Anti-Monopoly Case Against Alibaba

Beijing court rules that Alibaba's e-commerce practice known as 'choosing one from two' was an monopolistic abuse that caused JD.com severe damage, its rival said on Friday

China is Using AI to Ramp up Espionage, US Says – WSJ
China is Using AI to Ramp up Espionage, US Says – WSJ

US agencies suspect China is using artificial intelligence sift through an "enormous trove" of hacked personal data on American officials and other citizens to target specific individuals

Nvidia Launches Modified Gaming Chip For Chinese Market
China’s Dutch Chip-Equipment Imports Jump 1,050% – SCMP
China’s Nio Unveils Flagship EV to Take on Mercedes, Porsche
Beijing Slams US Plan to Review China’s Supply of Legacy Chips
India Taps AI in Forecasts as Extreme Weather Weighs on Economy
China’s BYD Plans EV Production Base in Hungary
Tencent, Netease Shares Plunge After China Issues Gaming Rules

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors