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Latest: Fintech News

Malaysian Regulator Warns of Jump in Scams on Telegram
Malaysian Regulator Warns of Jump in Scams on Telegram

"These fraudulent schemes offer non-existent investment opportunities, promising very attractive and risk-free returns within a short span of time," the commission said.

SoftBank Credit Default Swaps Rise to 2-Year High
SoftBank Credit Default Swaps Rise to 2-Year High

Valuations of marquee portfolio firms have tumbled, with Alibaba and Didi Global dropping 35% and 64% respectively year-to-date, hit by a wave of factors

China Companies Launch Into Metaverse – Shanghai Daily
China Companies Launch Into Metaverse – Shanghai Daily

Several applications will debut this year in Pudong New Area, covering digital factories, an underground parking lot and the new astronomy museum

Animoca, Pantera Lead Metaverse Investment – Coindesk
Paytm Shares Dive Again After RBI’s Data Probe Order
India’s Chinese App Ban Helps Own Tech Sector Flourish – SCMP
Foxconn in Talks to Build $9bn Factory in Saudi Arabia – WSJ
China’s Tencent Could Face Money Laundering Fine – WSJ
Paytm Shares Plunge After RBI Bars New Customer Sign-ups
China Covid Curbs Hit Shenzhen-Based Apple Supplier Foxconn

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