Ant Group, one of the world’s most valuable startups and pioneer of digital payments in China, may have lost a $439 million bet it made last year, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and...
Chinese tech giant ByteDance reportedly wants Oracle and Walmart to pay $12 billion for a combined 20 percent stake in its social media giant TikTok — a plan President Donald Trump endorses, which will allow TikTok to a least temporarily avoid a threatened U.S. shutdown....
On a day that saw a stock market rout – particularly on the tech-heavy Nasdq, which was down 1 percent – in at least some areas of finance, investors remain sanguine. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Don’t tell retail executive Calvin McDonald that construction of brick-and-mortar stores is a thing of the past. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Next Insurance, the online insurance provider for small businesses, is negotiating a deal to raise new capital in a round that would value the FinTech startup at $2.25 billion, sources told Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
It’s a classic Catch-22. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing...
The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
In today’s top payments news around the world, Uber Technologies wants to shed a portion of its minority ownership in Didi Chuxing, and investors in a group looking to purchase the U.S. operations of TikTok are aiming to provide American interests with a majority share...
In today’s top news, Affirm raised $500 million, and U.S. offices were reportedly at only half capacity in August. Plus, the European Union could pass new laws that would force Apple to share its payments tech. Get the Full Story Complete the form to unlock...
