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Latest: Fintech News

Baidu Seen in Talks to Sell Stake in China’s Netflix, iQIYI
Baidu Seen in Talks to Sell Stake in China’s Netflix, iQIYI

Baidu is looking to sell its 53% stake in iQIYI, China's second biggest video streaming firm, according to sources, who said the deal could value the company at about $7 billion

China Lockdowns Prompt iPhone Supplier to Look Elsewhere 
China Lockdowns Prompt iPhone Supplier to Look Elsewhere 

Apple supplier to focus on expansion in Vietnam, India, Indonesia and North America, after operations at its factories in China were rocked by Covid lockdowns and labour shortages

Coinbase Hires Ex-Banker to Lead India Revival – TechCrunch
Coinbase Hires Ex-Banker to Lead India Revival – TechCrunch

While Coinbase is shrinking its global workforce by 18%, a company spokesperson told TechCrunch only 8% of India staff would be laid off

China’s Lenovo to Buy $614m Stake in Digital Units of HK’s PCCW
Japan, US Speed Up Advanced Chips Venture – Nikkei
China’s New Mobile App Rules Come Into Force From August 1
Taiwan Says China Attack ‘Worse Than Ukraine’ for Supply Chains
‘Winter is Here’ as Crypto Crash Threatens Downward Spiral
Samsung China Chip Output Hit By Korean Truckers Strike
China AI Uses Deception to Kill Satellites in Space Battle – SCMP

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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