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Latest: Fintech News

Chinese Mobile Gaming Firms Rake in $2.3bn in May – Xinhua
Chinese Mobile Gaming Firms Rake in $2.3bn in May – Xinhua

Tencent was the top-ranked Chinese mobile game publisher by revenue, followed by NetEase and miHoYo

China’s Alibaba Group Gears up For a Comeback – Nikkei
China’s Alibaba Group Gears up For a Comeback – Nikkei

Leading the charge will be Trudy Dai, a founding member of the company, who has been tasked with revitalizing Alibaba's business and organization

Tencent Buys $264m Stake in India’s Flipkart – Economic Times
Tencent Buys $264m Stake in India’s Flipkart – Economic Times

Bansal now has a 1.84% shareholding in Flipkart after selling part of his stake to Tencent Cloud Europe, the Indian news site said.

UAE, India Sign Deal to Cooperate on Advanced Tech
Half of Wealthy Asian Investors Hold Digital Assets: Accenture
Indonesia Crypto Exchange Pintu Raises $110m – Decrypt
Top China Livestreamer Li’s Absence Extends to a Week
China’s Zeng Teams Up With Ex-Credit Suisse Boss Thiam – FT
Retailer Purplle Becomes India’s Latest Unicorn – Deal Street Asia
Ant Group Said to Revive IPO in Latest Sign of Easing Tech Crackdown

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