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Latest: Fintech News

China’s iQiyi Fires Hundreds as Losses Balloon: Caixin
China’s iQiyi Fires Hundreds as Losses Balloon: Caixin

Firings are running as high as 40% for the least profitable divisions, several company employees said

Binance to Acquire 18% Stake in Hg Exchange: Straits Times
Binance to Acquire 18% Stake in Hg Exchange: Straits Times

The embattled crypto exchange will acquire the stake, which includes its own investment, via its Singapore arm Binance Asia Services

Beijing Warns On ‘Disorderly’ Building Of Data Centres
Beijing Warns On ‘Disorderly’ Building Of Data Centres

Planning officials are worried about data centres, which consume large amounts of energy to cool computers, as they can ramp up power usage and negate China's ability to curb emissions

China Technology Blacklist to Tighten VIE Rules: FT
Hong Kong’s WeLab to Launch Indonesian Digital Bank
Australia to Create Crypto Licensing Framework
Europe Overtakes China in Unicorn Creation: WSJ
Australia Looks at Syndicated Loan Role for Blockchain
Malaysia Appeals Court Upholds Najib Razak’s 1MDB Conviction
Apple’s iPhone Production Falls Behind Schedule

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