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Latest: Fintech News

Bitcoin Hits 18-Month Low as Celsius Halts Withdrawals
Bitcoin Hits 18-Month Low as Celsius Halts Withdrawals

Shock US data on Friday showed inflation at a 40-year high of 8.6%, intensifying volatility across asset classes as investors worry about potentially faster interest-rate increases.  

Chinese Mobile Gaming Firms Rake in $2.3bn in May – Xinhua
Chinese Mobile Gaming Firms Rake in $2.3bn in May – Xinhua

Tencent was the top-ranked Chinese mobile game publisher by revenue, followed by NetEase and miHoYo

China’s Alibaba Group Gears up For a Comeback – Nikkei
China’s Alibaba Group Gears up For a Comeback – Nikkei

Leading the charge will be Trudy Dai, a founding member of the company, who has been tasked with revitalizing Alibaba's business and organization

Tencent Buys $264m Stake in India’s Flipkart – Economic Times
UAE, India Sign Deal to Cooperate on Advanced Tech
Half of Wealthy Asian Investors Hold Digital Assets: Accenture
Indonesia Crypto Exchange Pintu Raises $110m – Decrypt
Top China Livestreamer Li’s Absence Extends to a Week
China’s Zeng Teams Up With Ex-Credit Suisse Boss Thiam – FT
Retailer Purplle Becomes India’s Latest Unicorn – Deal Street Asia

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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