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Latest: Fintech News

China’s Ant Group to Close Mutual Aid Platform – SCMP
China’s Ant Group to Close Mutual Aid Platform – SCMP

Xianghubao will cease operating on January 28 next year, according to a notice Ant Group sent to users on Tuesday, amid Beijing’s ongoing regulatory crackdown

Japan Cyberattack Linked to Chinese Military – Nikkei
Japan Cyberattack Linked to Chinese Military – Nikkei

Tokyo will seek to place the suspect, a former international student, on an Interpol wanted list over the attack linked to China's military

China’s Influencers Play Safe with Wholesome Content – FT
China’s Influencers Play Safe with Wholesome Content – FT

Many internet stars are promoting wholesome and educational content after censors scrubbed material promoting lifestyles out of line with the Chinese Communist Party’s values.

Binance Crypto Exchange Gets In-Principle Nod from Bahrain
Foxconn May Revamp Workers’ Hostels at Indian iPhone Plant
Ant’s Consumer Finance Unit To Lift Capital To $4.7bn
Japan and Taiwan Politicians Agree on Chip Cooperation
Italy Bids to Host $8bn Intel Plant to Boost EU Chip Supply
Advanced Micro Devices in $2.1bn Wafer Deal with GlobalFoundries
China Province Summons Five Firms Over Live-Streaming

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