August 02, 2021
Cloud Infrastructure Spending Reaches $42B In 2021 Q2
Enterprise spending on cloud infrastructure services increased $2.7 billion to $42 billion in the second quarter, a jump of almost 40 percent from the same time last year, according to...
August 02, 2021
Bank Group Says Financial Regulators Need To Get A Grip...
Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to top officials from central bank umbrella group the Bank for...
July 30, 2021
Chinese US IPOs Face SEC Rules As Stocks Plummet
The U.S. Security and Exchange Commission (SEC) is implementing new rules that require Chinese firms seeking New York listings to provide supplementary risk disclosure documents. At the same time, Chinese...
July 29, 2021
Turkish eCommerce Platform Trendyol Reportedly Near Raising New Funding
Turkey-based eCommerce startup Trendyol is reportedly near the finish line of a new funding round which is expected to drive the company’s valuation to $16.5 billion, Bloomberg reported. The 11-year-old...
July 29, 2021
Didi Says Reports Of NYSE Delisting Untrue
Ride-hail superstar Didi squashed rumors that it was considering an exit from the public markets. In a Thursday (July 29) statement, DiDi said The Wall Street Journal reported that the company is considering...
July 27, 2021
China’s WeChat Turns Away New Users While Meeting Mandated Upgrades
For the time being, Tencent is no longer taking on new WeChat users while it undergoes technical upgrades that will adhere to new security mandates handed down by the Chinese...
July 26, 2021
Indonesia’s GoTo Startup Seeks $2B In Pre-IPO Talks
Indonesian startup GoTo is aiming to raise as much as $2 billion from investors before it makes its way onto stock markets in its native land and in the U.S.,...
July 22, 2021
Chinese Regulators Mull Hefty Didi Fine
Ride-hailing giant Didi could face hefty fines from Chinese regulators as well as possible delisting from the New York Stock Exchange (NYSE), CNBC reported on Thursday (July 21), citing sources....
July 22, 2021
Didi Shares Plummet As China Mulls Hefty Fines, Possible Delisting
Ride-hailing giant Didi could face hefty fines from Chinese regulators as well as possible delisting from the New York Stock Exchange (NYSE), CNBC reported on Thursday (July 21), citing sources....