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Latest: Fintech News

China’s Super-Rich See Wealth Plunge as Economy Slows
China’s Super-Rich See Wealth Plunge as Economy Slows

The Hurun Rich list, which ranks China's wealthiest citizens, said the number of dollar billionaires dropped by 239 to 946 this year.

Nvidia Offers New Chip to China That Meets US Limits
Nvidia Offers New Chip to China That Meets US Limits

Nvidia has confirmed that it is offering the A800, a new advanced chip in China that meets export control rules imposed by the Biden Administration a month ago.

China Joint Ventures Aim to Control Tech Giants’ Assets – RFA
China Joint Ventures Aim to Control Tech Giants’ Assets – RFA

A 'nationalisation process' has begun with state 'partners' assigned to "effectively take control" of some assets of major private tech firms such as Tencent and JD.com, scholars say

China Chip Giant Hua Hong Set for $2.5bn IPO in Shanghai
China’s Huawei Aims to Lead a 5G Boom in Africa – SCMP
Apple Warns Covid Curbs in China Have Hit iPhone Output
Vietnam Ramps up Crackdown on Social Media ‘False News’
China Rushes to Hire Foreign Microchip Engineers – Nikkei
China’s Lenovo Sees Revenue Dip as Covid Shutdowns Take Toll
TikTok Tells EU Users China Staff Can Access Data – Guardian

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