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Latest: Fintech News

China Carmakers Told to Explain Sales of ‘Zero-Mileage Used Cars’
China Carmakers Told to Explain Sales of ‘Zero-Mileage Used Cars’

Officials have ordered top carmakers to a meeting in Beijing after an industry chief blew the whistle on "secondhand cars with zero mileage" in the Chinese market

China’s Meituan, Alibaba Enjoy a Boom in ‘Instant Retail’ Deliveries
China’s Meituan, Alibaba Enjoy a Boom in ‘Instant Retail’ Deliveries

Alibaba said on Monday its 'instant commerce' service has topped 40m deliveries a day, showing it is taking some of Meituan's lead share of the 60-minute delivery sector

$14bn Nippon Steel-US Steel Tie-up is a Partnership, Trump Says
$14bn Nippon Steel-US Steel Tie-up is a Partnership, Trump Says

The 'takeover' of US Steel appears to have morphed into a 'partnership' as part of a bilateral trade deal on tariffs, analysts say.

Nvidia ‘Plans Low-Cost Blackwell AI Chip For China’ After US Curbs
Nvidia’s New Tech Aims to Maintain its Grip on the AI Market
White House Invites Asian Allies to See Alaska LNG Project
China’s Top Regulator Says it Will Help Tech Firms List Overseas
Bitcoin Climbs to New Peak After US-China Tariff Truce
China Threatens Legal Action Against Anyone Who Shuns Its Chips
Nvidia CEO Says US Export Curbs on AI Chips is ‘Flawed’ Policy

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