Since its inception, Apple Pay has been accepted at Whole Foods, which is a good thing for the iPhone owners of the world who want to eat healthful, organic and socially just food. But realistically, that is almost no one all of the time. Bad...
Alibaba-backed Indian payments startup Paytm has announced its intention to drop $764 million into an aggressive expansion plan over the next three years to capture the crown as India’s largest eCommerce player. Paytm is fresh off a September funding round that saw it snap up...
In some sense, it’s no surprise when Apple posts a successful quarterly earnings report. They didn’t get to be the world’s most valuable company by making a habit of choking during earnings season. However, when it comes to Apple “success,” it is measured somewhat differently...
The world’s largest watchmaker by revenue, Swatch, is attempting to develop the next big thing in wearables for the Chinese market. This places it squarely in competition with Apple, which has been working overtime lately to push its high-end smartwatch to the average Chinese consumer. The...
AngelList and its founder, Naval Ravikant, are having a very good Monday (Oct. 12) morning as they have just snapped up $400 million from China’s largest private equity firm to help disrupt early stage venture capital. That investment represents the single largest pool of funds...
Alibaba and Ant Financial — the eCommerce firm’s financial services affiliate — have moved to make a second big buy into Paytm, an India-based mobile payments and eCommerce firm. This follows an undisclosed investment by Alibaba and Ant in Paytm earlier this year — funding...
While a slowing Chinese economy has turned out to be hard on steelmakers and auto manufacturers, it is also shaping up to be a drag on the heretofore always expanding Alibaba Group. Lowered consumer spending has unsurprisingly dropped the value of this quarter’s transactions below...
According to reports in The Wall Street Journal, Alibaba Group Chairman Jack Ma and Vice Chairman Joe Tsai are currently planning to collectively borrow around $2 billion, using their shares in the company as collateral. So far, Credit Suisse Group AG, Goldman Sachs Group Inc....
According to Google Trends, football was all that anyone was thinking about last week. If you were in that camp, we’ve got the scoop the stories that drove a lot of the headlines you may have missed: Amex and its new investor, EMV and its...
