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Latest: Fintech News

China Tech Firms Call Layoffs ‘Graduations’ – Insider
China Tech Firms Call Layoffs ‘Graduations’ – Insider

Social media users shared a cheery note from JD.com titled "graduation notice" from the firm's human resources department

US SEC Flags Crypto, ESG as Top Monitoring Priorities
US SEC Flags Crypto, ESG as Top Monitoring Priorities

SEC's examinations division will also review whether funds' proxy votes align with ESG-related disclosures and mandates

Indonesia’s GoTo Sets $1.1bn IPO Fundraising Target
Indonesia’s GoTo Sets $1.1bn IPO Fundraising Target

GoTo, formed last year by the merger of Gojek and Tokopedia, surprised some investors when it launched its IPO process earlier this month

Japan Moves to Secure Vital Materials Over War Shortages
Chubb Buys Dual’s Regional Assets – Insurance Business Asia
Pakistan Hopes to Widen Retail Investor Base – Dawn
Axis Bank to Buy Citigroup India Assets for $1.6bn – Mint
US Sanctions Slowly ‘Strangling’ Huawei – Light Reading
UK’s Arm Plans to Transfer China JV Shares – FT
Hackers Grab $615m in Project Ronin Crypto Heist

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