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Latest: Fintech News

Samsung and Micron Say Xi’an Lockdown Affecting Chip Production
Samsung and Micron Say Xi’an Lockdown Affecting Chip Production

One of the world's biggest memory chip suppliers said stringent restrictions may be increasingly difficult to mitigate and had resulted in thinner staffing levels

Didi Global Reports $4.7bn Loss as Zhang Quits Board
Didi Global Reports $4.7bn Loss as Zhang Quits Board

Daniel Zhang, the CEO of e-commerce giant Alibaba Group Holding, who had served as a Didi director since 2018, resigned. The company's shares plunged more than 8%. 

Kuaishou Partners With China Delivery Giant Meituan – Caixin
Kuaishou Partners With China Delivery Giant Meituan – Caixin

The deal will see Meituan — snared in a government crackdown on anti-competitive practices — launch a mini programme on the platform

China Greenlights Data Centre Clusters in North and West
Bitcoin Recovers Slightly After Dropping More Than 6%
China’s Ant Group to Close Mutual Aid Platform – SCMP
Japan Cyberattack Linked to Chinese Military – Nikkei
China’s Influencers Play Safe with Wholesome Content – FT
Binance Crypto Exchange Gets In-Principle Nod from Bahrain
Foxconn May Revamp Workers’ Hostels at Indian iPhone Plant

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