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Latest: Fintech News

China Regulator Summons Quora-like Platform Zhihu: Global Times
China Regulator Summons Quora-like Platform Zhihu: Global Times

The Cyberspace Administration of China said the online platform Zhihu should not provide a space for the dissemination of illegal information

Number of Apps in China Plunges Over Three Years: SCMP
Number of Apps in China Plunges Over Three Years: SCMP

The steepest decline came this year amid crackdowns on Big Tech platforms and internet content

SenseTime Relaunches $767m Hong Kong IPO after US Investment ban
SenseTime Relaunches $767m Hong Kong IPO after US Investment ban

The company has retained its goal of selling 1.5 billion shares but will now rely on cornerstone investors to buy $511 million, or around 67%, of shares, according to regulatory filings on Monday

Indian Fintech Razorpay Raises $375m, Valued at $7.5bn: Mint
5G Handsets Dominate China’s Phone Shipments in November – Xinhua
Japan to Bolster Cyber Defences at Key Companies: Nikkei
Japan’s SBI Group Launches Crypto Asset Fund
Bitcoin’s Price Surge Leaves Gold in the Dust – FT
Bank of Russia Reiterates Opposition to Cryptocurrencies
US SEC Delays Decision to Approve Grayscale Bitcoin ETF

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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