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Latest: Fintech News

China’s UnionPay Secures More Russian Banking Business
China’s UnionPay Secures More Russian Banking Business

China's UnionPay cards are expected to be issued by leading Russian banks – Credit Bank of Moscow and DOM.RF – from early 2023; 11 others are already issuing them

Diablo Revenue Passes $100m, Rises to Top App in China
Diablo Revenue Passes $100m, Rises to Top App in China

Diablo took eight weeks from first release on June 1 to hit the $100 million milestone, according to Sensor Tower

Alibaba Slumps Even as it Says Aims to Retain US Listing
Alibaba Slumps Even as it Says Aims to Retain US Listing

The US Securities and Exchange Commission on Friday added Alibaba to a list of Chinese companies that could face delisting from US exchanges, triggering an 11% drop in its shares.

Sony Blames Easing Covid Curbs For Profit Forecast Drop
US, Japan Chips Alliance Aims to Thwart China Ambitions
China Says US Chip Act Will Harm Supply Chain, Global Trade
China Delivery Firm Missfresh in Shock Shutdown – SCMP
China’s New Oriental Education Shares Touch Year-Long High
Crypto Crash Claims Asia-Focused Exchange Zipmex
Japan Chipmaker Denso Reports 41% Profit Decline for Quarter

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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