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Latest: Fintech News

Cryptocurrency Gauge Slumps on Risk Aversion, Omicron: Index Insights
Cryptocurrency Gauge Slumps on Risk Aversion, Omicron: Index Insights

Asia Financial’s Future of Money index has fallen 10% since December 3 as investors become more risk-averse amid the Omicron variant threat.

SenseTime Launches Hong Kong IPO to Raise up to $767m
SenseTime Launches Hong Kong IPO to Raise up to $767m

SenseTime was among eight Chinese tech companies placed on a US blacklist in 2019 amid trade tensions between Beijing and Washington.

Indian Startups Splurge $440m on Stock Rewards in 2021: Mint
Indian Startups Splurge $440m on Stock Rewards in 2021: Mint

This year 32 startups spent about $440 million to buy back employee stock options (Esops)

Singapore Suspends Crypto Bourse on Korea Boy Band Spat: FT
Japan Digital Agency Head Hits Out at Slow Progress: FT
US Moves to Stop Chipmaker Nvidia’s $40bn Merger with UK’s Arm
China Fines Social Media Firm Douban For Illegal Data Release
New Era for Cryptocurrency In India: Explainer
SenseTime Delays Rollout of AI Casino: FT
China’s Weibo to Raise $385m in Hong Kong Listing

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