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Latest: Fintech News

Foxconn Sees 5% Profit Rise Despite Lockdowns, Weak Demand
Foxconn Sees 5% Profit Rise Despite Lockdowns, Weak Demand

The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics

JD.com Delays Fintech Unit IPO Over China Regulatory Concern
JD.com Delays Fintech Unit IPO Over China Regulatory Concern

The JD Technology IPO is a $2-billion listing planned for Hong Kong later this year, but it has been held up by CSRC concerns over its consumer fintech business.

China to Conduct Cybersecurity Review of Ride-Hailer Didi Global
China to Conduct Cybersecurity Review of Ride-Hailer Didi Global

The company upset Chinese regulators by pushing ahead with a $4.4 billion listing in the US despite being asked to put it on hold. Shareholders will vote on its US delisting plan on May 23.

Cathie Wood’s ARK Fund Plunges on Coinbase Results
Vietnam Keen on US Asian Plan but Calls for More Details
US Says China Is Lobbying to Water Down Semiconductor Bill
Biden Moves to Stop China Gaining US Personal Data
Japan Passes Economic Security Bill Aimed at China
China Lockdown Risk Weighs As Sony Looks to Sell 18m Consoles
India’s New VPN Rules ‘Worse Than Russia, China’ – MediaNama

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