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Latest: Fintech News

China’s Security Focus Undermining Its Economic Goals
China’s Security Focus Undermining Its Economic Goals

Observers have been bamboozled by measures such as restrictions on financial data and crackdowns on companies doing due diligence; analysts say security is trumping everything

Alibaba Plans $2bn HK IPO For Newly Spun-Off Logistics Unit
Alibaba Plans $2bn HK IPO For Newly Spun-Off Logistics Unit

Dealmakers hope that Cainiao's potential IPO, likely to be followed by more Alibaba units, could help revive sluggish fundraising activities in Hong Kong

TikTok Staff Spied on UK Journo Through Her Cat’s Account – BBC
TikTok Staff Spied on UK Journo Through Her Cat’s Account – BBC

Short video app TikTok, already under scrutiny across the world, informed the journalist last year that four of its employees had spied on her data to track down leaks

Warren Buffett Says He Prefers Investing in Japan to Taiwan
China Plans Rules to Regulate Data Flows From Smart Cars
Foxconn Blames April Sales Slide on Smartphone Slump
Taiwan Invasion ‘Could Wipe Off up to $1 Trillion Per Year’
Apple Bets on India’s Middle Class in Hunt for Future Markets
China Orders Check on Auditors to Ensure Data Secrecy – FT
China Says Its First Gene-Edited Soybean is Safe

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