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Latest: Fintech News

China Ride-Hailing Group Didi Allowed to Register New Users
China Ride-Hailing Group Didi Allowed to Register New Users

Ride-hailing giant Didi Global said on Monday it will be allowed to resume new user registration, but it is not known yet when its apps will be back on domestic app stores

Bitcoin Passes $20,000 Mark for First Time in 2 Months
Bitcoin Passes $20,000 Mark for First Time in 2 Months

Cryptocurrencies are still reeling from a brutal 2022 but the overall global crypto market cap has risen 5% to $871 billion since January 1

China’s TikTok Fined $5.4m Over Online Tracking Breach
China’s TikTok Fined $5.4m Over Online Tracking Breach

France’s digital watchdog’s investigation concerned the platform’s website tiktok.com and not its heavily used smartphone applications

China Seen Allowing Didi Apps Back Online, Amid Regulatory Thaw
Japan, Netherlands ‘Won’t Impose Immediate China Chip Curbs’
China Acquires Minority ‘Golden’ Stakes in Two Alibaba Units
Japan, US Say China ‘Greatest’ Challenge, to Mull Chip Curbs
China Asks Banks to Release More Yuan Loans Abroad
Sales of Advanced Chips Lift TSMC Quarterly Profit 78%
Hong Kong Drawing Up Crypto Token Trading Shortlist

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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