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Latest: Fintech News

China Tech Stocks Soar as Xi Aide Set to Meet Sector Giants
China Tech Stocks Soar as Xi Aide Set to Meet Sector Giants

Tech executives including Qihoo 360's Zhou Hongyi and Baidu's Robin Li are attending the meeting with Vice Premier Liu He, said people familiar with the matter.

Alibaba, Ant Group Exit Paytm E-commerce – Mint
Alibaba, Ant Group Exit Paytm E-commerce – Mint

Paytm E-commerce bought back a combined stake of 43.32% for 42 crore rupees ($5.4 million), valuing the company at just around 100 crore rupees ($10.2 million)

RBI Says Crypto Will Undermine Its Capacity to Regulate – ET
RBI Says Crypto Will Undermine Its Capacity to Regulate – ET

India's Reserve Bank tells government that cryptocurrencies could lead to a dollarisation of the economy

TerraUSD Collapse Unnerves Users, Regulators – Nikkei
UAE Telecom Firm e& Acquires $4.4bn Stake in Vodafone
Nomura Offers Bitcoin Derivatives as Crypto Pares Back Losses
5G Trailblazer South Korea Waits For Demand to Catch Up
China’s SMIC Posts Record Quarterly Revenue Amid Chip Shortage
Arcadis Building EV Charging Factory for Wallbox in Texas
Hong Kong to Overhaul Its Data System With $132m Contract

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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