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Latest: Fintech News

China E-Commerce Giant Shein’s Sales Soar 50% – Pandaily
China E-Commerce Giant Shein’s Sales Soar 50% – Pandaily

Soaring sales come thanks to its global appeal, with the online retailer surpassing Amazon for mobile downloads in the US in the second quarter of 2022, Pandaily said

China Eyes Domestic Solution to US AI Chips Curbs – SCMP
China Eyes Domestic Solution to US AI Chips Curbs – SCMP

Chinese tech chiefs at the World Artificial Intelligence Conference in Shanghai are said to be looking at speeding up their own AI chip development programme

Samsung Admits US Data Breach Saw Customer Data Exposed
Samsung Admits US Data Breach Saw Customer Data Exposed

Korean tech conglomerate revealed an ‘unauthorised third party acquired information from some of Samsung's US systems'

India Offers $10bn to Lure Chipmakers to Set up Plants – FT
China Says Licences Needed for Mapping by ‘Smart Cars’
WhatsApp Banned 2.4 Million Indian Accounts in July
Taiwan President Hails ‘Democracy Chips’ Tie-Up With US
US Chip Ban Likely to Hit Most of China’s Tech Giants
US Orders Nvidia to Stop Sale of Advanced Chips to China
Japan to Change Floppy Disk Data Storage Rules – Nikkei

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