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Latest: Fintech News

Riches to Rags: Lockdowns Kill Shanghai Online, Offline Fashion
Riches to Rags: Lockdowns Kill Shanghai Online, Offline Fashion

Online and offline retailers are stuck with piles of unsold stock as cautious consumers stay away from the commercial hub's glitzy shopping districts

China Stocks Rise on Policy Support as Rest of Asia is Mixed
China Stocks Rise on Policy Support as Rest of Asia is Mixed

Chinese tech shares in Hong Kong rose after President Xi Jinping chaired a meeting that backed support for fintech firms. Alibaba jumped 6.4%, and Chinese automakers also shone.

Toshiba Bidders Plan 7,000 Yen Per Share Offer in $22bn Deal
Toshiba Bidders Plan 7,000 Yen Per Share Offer in $22bn Deal

Toshiba shares rose 5.3% in Tokyo early on Thursday, outperforming a 0.8% rise in the benchmark Nikkei average

China Signals Support to Fintech Firms While Tightening Control
Bitfinex Seeks Tether Transparency as Stablecoins Wobble
SoftBank Names New Overseas Unit Chief Amid Fresh Churn
BIS Leaves Crypto Out of Digital Monetary Future Blueprint
China’s Bilibili Launches Pay-Per-View Channels Amid Crackdown
China’s Alibaba Unwinds Corporate Links With Ant Group
China’s WeChat Bans Accounts Trading in NFTs – 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