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Latest: Fintech News

Russian Ransomware Gang Claims Australia Cyberattack
Russian Ransomware Gang Claims Australia Cyberattack

Ransomware group known as Conti named CS Energy on its website for shaming victims and sometimes leaking their data

Alibaba Empire Under Threat from Douyin, Pinduoduo
Alibaba Empire Under Threat from Douyin, Pinduoduo

Changes planned as e-commerce group faces headwinds from increased competition, a slowing economy and a regulatory crackdown

China’s iQiyi Fires Hundreds as Losses Balloon: Caixin
China’s iQiyi Fires Hundreds as Losses Balloon: Caixin

Firings are running as high as 40% for the least profitable divisions, several company employees said

Binance to Acquire 18% Stake in Hg Exchange: Straits Times
Beijing Warns On ‘Disorderly’ Building Of Data Centres
China Technology Blacklist to Tighten VIE Rules: FT
Hong Kong’s WeLab to Launch Indonesian Digital Bank
Australia to Create Crypto Licensing Framework
Europe Overtakes China in Unicorn Creation: WSJ
Australia Looks at Syndicated Loan Role for Blockchain

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