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Latest: Fintech News

Tesla Signs Deal With Baidu on China Roads Mapping Data
Tesla Signs Deal With Baidu on China Roads Mapping Data

Sources say the agreement with China's top internet firm on use of its data on China's public roads clears a final regulatory hurdle for Tesla's driver assistance system.

If Legal Fight Fails, ByteDance ‘Would Prefer to Shut TikTok in US’
If Legal Fight Fails, ByteDance ‘Would Prefer to Shut TikTok in US’

Bytedance would rather shut the app if it runs out of options to fight a forced sale of TikTok's US operations, group sources say, claiming its algorithm is too valuable

Blinken Meets Xi, Warns on China’s Support for Russian War
Blinken Meets Xi, Warns on China’s Support for Russian War

President Xi was reported to have told the top US diplomat that China and the US should be “partners, not rivals” and avoid engaging in “vicious competition.”

EV Battery-Maker CATL Unveils Single-Charge 1,000km Power Unit
Blinken Urges China to Play Fair With American Companies
TikTok Vows ‘We Will Fight’ After Biden Signs Sale Order
ASML Will Not Service Some China Equipment, Outgoing CEO Hints
Fusion Startup Says It Surpassed Heat of Sun’s Core – Recharge
Local EVs Dominate as China’s Largest Auto Show Opens
Huawei Revs Up Intelligent Driving Push With Software Launch

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