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Latest: Fintech News

Japan to Change Floppy Disk Data Storage Rules – Nikkei
Japan to Change Floppy Disk Data Storage Rules – Nikkei

"We will change [these old rules] promptly," Digital Affairs Minister Tara Kono was quoted as saying, as he outlined plans to move government data online.

Alibaba, JD.com Among First Chinese Firms Facing US Audits
Alibaba, JD.com Among First Chinese Firms Facing US Audits

E-commerce giants, plus Yum China and their auditors have been told they will be among the first companies whose books are inspected by PCAOB regulators in Hong Kong next month

Indian Telecom Jio Set to Launch 5G Services in October
Indian Telecom Jio Set to Launch 5G Services in October

India's biggest telco Jio said on Monday it will begin rolling out 5G services for subscribers in the next two months. Owner Mukesh Ambani said it has committed $25bn to the expansion

Russians Getting Cash from Finnish ATMs via Chinese Cards – YLE
China’s SMIC to Splash $7.5bn on Fourth Chip Fab in Tianjin
China Tech Giant Baidu Unveils Quantum Computer Qianshi
China Tells US-Listed Firms, Auditors to Get Ready for US Checks
Apple Snares Half of China’s High-End Phone Sales – SCMP
Pinduoduo Plans E-Commerce Platform For US Market
India Eyes $3bn Armed Drones Deal With US to Monitor China

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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