Chinese search engine and tech giant Baidu, which specializes in artificial intelligence, raised $3.1 billion from a secondary listing in Hong Kong, South China Morning Post (SCMP) reported on Wednesday (March 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Messaging app provider Line is being investigated by the Japanese government over accusations that user data was accessed by Chinese engineers without informing people, which is a violation of data protection mandates that have been amended in Japan but won’t go into effect until early...
In today’s top payments news around the world, SumUp has secured roughly $893 million for expansion, while Piraeus Bank’s merchant acquiring business is to be purchased by Euronet Worldwide. Plus, Revolut announced that it would suspend its Canadian operations. Get the Full Story Complete the...
Flutterwave is collaborating with PayPal so that PayPal customers can pay African merchants through the financial technology (FinTech) startup’s platform, Reuters reported. The move means that small and medium-size businesses (SMBs) can more easily connect with the more than 377 million PayPal account holders globally....
Alibaba’s UC Browser was pulled from app stores in China as President Xi Jinping warned that Beijing’s tech crackdown was only going to intensify, the Financial Times (FT) reported on Tuesday (March 16). Get the Full Story Complete the form to unlock this article and...
In today’s top payments news around the world, Afterpay has rolled out its Clearpay service to merchants in France and Spain, while the U.K.’s Deliveroo is reportedly gearing up for an initial public offering (IPO). Plus, Ghost Kitchen Brands (GKB) has teamed with Walmart Canada...
Beijing officials told Alibaba Group to considerably reduce its expansive suite of media assets after reviewing the list and growing concerned about the tech firm’s influence over public opinion, The Wall Street Journal reported on Monday (March 15), citing sources. Get the Full Story Complete...
China-based Tencent Holdings saw its stock plunge so sharply that the company lost $62 billion in value. The loss in valuation, which occurred in Friday (March 12) and Monday (March 15) stock trading, may have wiped out most of the value of its online finance...
China’s post-pandemic economy is showing signs of dramatic recovery for the first two months of this year, with key indicators up after a full year of coping with the devastating effects of COVID-19. Get the Full Story Complete the form to unlock this article and...
