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Latest: Fintech News

TikTok to Spend Billions in Southeast Asia, Focus on E-Commerce
TikTok to Spend Billions in Southeast Asia, Focus on E-Commerce

Chinese tech giant said it would invest 'billions of dollars' - in training, advertising, supporting small vendors looking to join its e-commerce platform TikTok Shop, and more

Trouble in Chinese Factories, Industrial Unrest at 7-Year High
Trouble in Chinese Factories, Industrial Unrest at 7-Year High

China Labour Bulletin recorded over 140 strikes at factories across the country in the first five months of this year, the highest since 2016

Huawei Biggest Winner in China Mobile 5G Base Tender – SCMP
Huawei Biggest Winner in China Mobile 5G Base Tender – SCMP

The under-pressure tech firm secured 52% of the contracts, representing 45,426 base stations, in a deal that could be worth $574 million

China E-Commerce Giants Face Tariff Hit if US Bill Passed
TikTok Emerges as Preferred News Platform of Young Adults
Chinese Companies Prepare for Weaker Yuan as Rate Cuts Loom
US Set to Rejoin UNESCO in Move to Bolster Tech Influence
China Warns US to Stop Interfering in Call Ahead of Blinken Trip
Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO
US ‘to Extend’ China Chip Curb Waivers for South Korea, Taiwan

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