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Latest: Fintech News

Hong Kong to Overhaul Its Data System With $132m Contract
Hong Kong to Overhaul Its Data System With $132m Contract

The government said that under the current system civil servants are required to print out emails and electronic documents for filing in paper folders

Crypto Carnage Continues as Stablecoins Become Untethered
Crypto Carnage Continues as Stablecoins Become Untethered

Asia Financial's Future of Money index, a basket of 10 leading cryptocurrencies, has plunged 19% this week alone and is down 27% during the past month.

Didi Slashes UK Staff, Delays EU Rollout Until 2025 – Guardian
Didi Slashes UK Staff, Delays EU Rollout Until 2025 – Guardian

China’s ride-hailing giant Didi Global has cut half its UK employees and told staff plans to launch services in the UK and Europe are on hold till at least 2025, the Guardian said

Asia Tech Stocks Hammered After Nasdaq Slump
Foxconn Sees 5% Profit Rise Despite Lockdowns, Weak Demand
JD.com Delays Fintech Unit IPO Over China Regulatory Concern
China to Conduct Cybersecurity Review of Ride-Hailer Didi Global
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

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