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Latest: Fintech News

Art That Doesn’t Really Exist Attracts Huge Sale Prices as Buyers Flip NFTs
Art That Doesn’t Really Exist Attracts Huge Sale Prices as Buyers Flip NFTs

Market for non-fungible tokens – digital art and other collectibles – is hot, surging to $1.9bn this month. But analysts fear the rapid rise in valuations is fuelling a new asset bubble

SKorean Govt Committee Votes to Curb App Store Commissions by Google, Apple
SKorean Govt Committee Votes to Curb App Store Commissions by Google, Apple

A South Korean parliamentary panel votes to recommend amending a law to stop Google and Apple from charging high commissions on app store purchases

China’s Critical Data Rules Not Aimed at Firms Planning Foreign IPOs – Regulator
China’s Critical Data Rules Not Aimed at Firms Planning Foreign IPOs – Regulator

Top cybersecurity official says that all companies, including those involved in foreign trade, must ensure network security

SKorea Set to Curb Google, Apple Commission Dominance
JD.com Beats Estimates for Adjusted Profit on Boost From Partnership Deals
Taiwan Sees Balance in Auto Chip Supplies by Fourth Quarter
Musk Says Tesla Likely to Launch Humanoid Robot Prototype Next Year
Chinese AI Startup, Blacklisted by US, to File for Hong Kong IPO
Toyota to Slash September Production as Chip Shortage Bites – Nikkei
China To Set Up State Entities Focused on New Strategic Sectors

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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