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Latest: Fintech News

Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech
Foreign Carmakers Seek Chinese EV Partners on AI, Smart Tech

Interest in local Chinese partnerships comes at a time when foreign carmakers are quickly losing share in the world’s biggest car market

China Warns US Not to Implement Taiwan Aid, TikTok Sale
China Warns US Not to Implement Taiwan Aid, TikTok Sale

Chinese foreign ministry urges the US not to implement the "negative, China-related" parts of the military aid package passed by Congress last week

China Brokerage Slashes Bankers’ Base Pay, Sources Say
China Brokerage Slashes Bankers’ Base Pay, Sources Say

The base pay of investment bankers at CICC has been cut 25%, sources say, amid the economic slowdown and sluggish IPO returns

Tesla Signs Deal With Baidu on China Roads Mapping Data
If Legal Fight Fails, ByteDance ‘Would Prefer to Shut TikTok in US’
Blinken Meets Xi, Warns on China’s Support for Russian War
EV Battery-Maker CATL Unveils Single-Charge 1,000km Power Unit
Blinken Urges China to Play Fair With American Companies
TikTok Vows ‘We Will Fight’ After Biden Signs Sale Order
ASML Will Not Service Some China Equipment, Outgoing CEO Hints

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