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....
July 21, 2021
IPO Hits $1.5B For Indonesian eCommerce Firm Bukalapak
Bukalapak, an eCommerce company based in Indonesia, has raised $1.5 billion in an initial public offering (IPO), three sources told U.S. News and World Report on Wednesday (July 21). One source...
July 20, 2021
Shopping App Provider Ranking A Barometer Of Rising (And Falling)...
Google may have shut down its shopping app earlier this year (redundancy don’t you know), but it makes no matter to PYMNTS Provider Ranking of Shopping Apps. Google still has...
July 19, 2021
Chinese Tech Companies Ink Antitrust Vow
More than 30 Chinese tech firms, including Tencent Holdings and Alibaba Group Holding, together inked an understanding on antitrust matters, the South China Morning Post (SCMP) reported. Those tech firms...
July 19, 2021
Big Tech Compliance Tracker: EU Pauses Digital Tax Effort; Facebook...
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny. EU Pauses Digital Tax Effort As U.S. Treasury Secretary Janet Yellen aims to get European countries...
July 18, 2021
Volkswagen Pledges To Follow China’s Data Laws
Volkswagen will ensure that it fully complies with China’s stringent new data privacy rules, the carmaker said in a briefing on its first-half sales on Friday (July 16). According to...
