Initialized Capital Management has raised $230 million for Initialized V, the California venture firm’s fifth fund, which is geared toward backing early-stage companies, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Ahead of an intended initial public offering (IPO), Alibaba Group Holding’s Ant Group has conducted a preliminary filing with the securities watchdog of China, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Artificial intelligence (AI) and quantum information science will get a boost if Congress approves the Trump administration’s nearly one-third spending increase in next year’s budget. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In case you missed it, PYMNTS reported that in the week of April 20, weekend movie box-office grosses came in at just under $34,000 total. For the entire nation. “That is not a typo,” our coverage reassured readers, while adding the equally bizarre fact that “all...
As the coronavirus has led to greater popularity of eCommerce deliveries, Jumia Technologies AG is encountering new rivalry from upstarts in the online shopping and transportation space in Africa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
In today’s top news, Amazon launched an online pharmacy in Bengaluru, India, and the Justice Department continues its antitrust investigation of Big Tech. Plus, Apple and Google kicked the Fortnite app off their app stores. Get the Full Story Complete the form to unlock this...
Capping what has been a tough 2020 so far for clothing consignment and rentals, Rent the Runway announced Friday (Aug. 14) that it is closing its five stores for good to focus on its eCommerce business and add more customer drop boxes to its business...
July retail sales of consumer goods dropped 1.1 percent year on year to arrive at 3,220.3 billion yuan, the National Bureau of Statistics of China reported on Friday (Aug. 14) in a statement. Get the Full Story Complete the form to unlock this article and...
Flipkart, Walmart’s eCommerce website in India, has partnered with one of the country’s largest alcohol companies to deliver liquor in two Indian states, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
