Beijing’s Missfresh Ecommerce Co., a Chinese grocery delivery startup, is expected to receive more than $500 million in expansion financing as COVID-19 has fueled demand for fresh food at home, sources told Bloomberg News. Get the Full Story Complete the form to unlock this article...
It seems everyone wants a piece of Jio Platforms, India’s largest mobile company. 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...
San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported, the pandemic has created new opportunities for the exercise equipment industry. Get the...
FinTech startup unicorn Brex has closed a $150 million funding round led by previous investor DST and new investor Lone Pine Capital, Brex said in a statement on Tuesday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
It’s not often that a CEO publicly admits they made a blunder, but that’s just what SoftBank Founder and CEO Masayoshi Son did Monday (May 18) regarding the firm’s WeWork investment, which went south, Business Insider reported. Get the Full Story Complete the form to unlock...
Users of the digital trading platform Robinhood have taken to social media once again to express their outrage about outages locking them out of a stock market rally on Monday (May 18), according to a report. Get the Full Story Complete the form to unlock...
Japanese multinational conglomerate SoftBank Group posted a record-breaking $18 billion operating loss right after Alibaba co-founder Jack Ma announced he was stepping down from the board, according to a company announcement on Monday morning (May 18). Get the Full Story Complete the form to unlock...
The New York-based private equity firm General Atlantic closed an $870 million deal for a 1.3 percent stake in Jio Platforms, the digital subsidiary of Reliance Industries in India. The deal puts Jio’s valuation at $65 billion, according to a report in The Financial Times (FT)...
The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to Financial Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
