Chinese authorities have said the biggest state-owned firms and banks need to start a fresh round of checks on financial exposure and other links to Ant Group, Bloomberg reported Monday (Feb. 21). This has started up a fresh round of scrutiny into billionaire Jack Ma’s...
Tencent has said it isn’t facing a major regulatory crackdown, refuting online speculation, according to a Monday (Feb. 21) report from Bloomberg. The company issued an “unusually aggressive” response to said speculation, with Zhang Jun, its head of public relations, saying nothing was going on....
Tingo, a Nigerian FinTech focusing on agriculture, is looking to raise $500 million to expand across Africa, Bloomberg reported Monday (Feb. 21). According to CEO Dozy Mmbuosi, Tingo is raising a combination of debt and equity financing through a private placement. Mmbuosi added that it’s...
The European single market is akin to an obstacle course, which has put several companies as also-rans as the U.S. takes the lead, Financial Times writes. Leading industrialists say there’s regulation that has been harmful for innovation and expansion. “There are so many obstacles and...
Ukrainian parliamentary body Verkhovna Rada supported the amendments of the Ukraine President Volodymyr Zelenskyy to the country’s law on virtual assets, creating a legal market for cryptocurrency and other virtual assets in the nation, according to a press release Thursday (Feb. 17). After the vote,...
In today’s top Europe, Middle East, and Africa news, cryptocurrency lenders face less regulation in the U.K. than in the U.S., and the European Union accused China of preventing European tech firms from defending their patents in court. Plus, London-based FinTech Nous closed a $8.9 million...
Some of the top minds in law enforcement from the U.S., Brazil and Paraguay had a meeting this week to devise tactics to combat the growing problem of transnational organized crime (TOC), the Rio Times reported Friday (Feb. 18). Held on behalf of Paraguay at...
DealShare, an Indian social commerce platform, has raised $210 million in Series E funding, according to a report Thursday (Feb. 17) from The Economic Times of India. $45 million came from the wholly owned subsidiary of the Abu Dhabi Investment Authority, bringing DealShare’s valuation to...
Air France-KLM wants to be free of bans on acquisitions as soon as it can by repaying state aid. To do so, the Financial Times wrote, the group plans to raise €4 billion (about $4.5 billion) in new capital. According to Ben Smith, the executive...
