Category: Business

myfisensemyfisenseOctober 15, 2021
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2min00
Microsoft Corp is pulling the plug on LinkedIn in China nearly seven years after its launch and will replace it with a stripped-down version of the platform that would focus only on jobs. LinkedIn is the only major U.S.-owned social network operating in the country, where the government requires such platforms to follow strict rules […]

myfisensemyfisenseOctober 15, 2021
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2min00
Chinese early-stage cancer screening solution specialist Creative Biosciences (Guangzhou) Co., Ltd has raised 560 million yuan ($87 million) in its Series D round led by Alibaba. The new round attracted a line-up of new investors including China Renaissance’s sub-fund Huaxing Growth Capital, Costone Capital, Agriculture Bank of China’s ABC International, Shanghai-based Henglu Asset, besides existing […]

myfisensemyfisenseOctober 15, 2021
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2min00
After announcing a deal with Beyond Meat back in February, McDonald’s this morning announced that it is set to start selling plant-based Beyond Meat burgers in select locations next month. Starting November 3, the McPlant will be available at eight of the fast-food giant’s restaurants, including in Irving and Carrollton, Texas, Cedar Falls, Iowa, Jennings and Lake […]

myfisensemyfisenseOctober 14, 2021
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1min00
SoftBank Group Corp’s venture capital fund has invested $400 million in Vuori Inc, the California-based maker of leggings and sports bras said on Wednesday, valuing it at $4 billion. Vuori, founded in 2015, plans to expand its Western European and Asian markets next year and open more than 100 U.S. stores in the next five […]

myfisensemyfisenseOctober 14, 2021
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3min00
Private equity giant Carlyle Group and ARA Dunedin, a unit of Singapore’s ARA Asset Management, announced that their joint venture has acquired 11 logistics assets in the UK for £102 million (about $139 million). The JV, established in March 2021, purchased the portfolio of logistics assets from Moorfield Real Estate Fund IV, the fourth real […]

myfisensemyfisenseOctober 14, 2021
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4min00
The Managing Director, First Bank of Nigeria Limited, Dr. Adesola Adeduntan, has reiterated the commitment of the bank to continue supporting start-ups and innovators in the Fintech space by providing relevant data and infrastructure to enable them to scale appropriately. Adeduntan made the disclosure at a virtual meeting on the bank’s FinTech Summit 5.0 event […]

myfisensemyfisenseOctober 14, 2021
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4min00
Carbon, a digital bank active in Nigeria, Kenya, and Ghana has announced the rollout of its buy now, pay later product dubbed ‘Carbon Zero’ to eligible customers on its mobile application. Carbon Zero, it said in a statement, gives Carbon cardholders the option to split purchases into four installments, to be paid back over time […]

myfisensemyfisenseOctober 14, 2021
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3min00
Russian President Vladimir Putin signaled tolerance of cryptocurrencies, which are drawing increasing scrutiny from regulators around the world amid fears they can be used for money laundering and criminal activity. Cryptocurrency “has the right to exist and can be used as a means of payment,” Putin said in an interview with CNBC that was posted on the […]

myfisensemyfisenseOctober 13, 2021
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2min00
Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors following an intense crackdown on the sector. Binance, one of the world’s largest exchange by trading volumes, said in a Wednesday statement it will remove […]

myfisensemyfisenseOctober 13, 2021
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3min00
BPEA Real Estate, part of alternative investment giant Baring Private Equity Asia, has announced raising more than $1.2 billion in total equity commitment for its Chinese logistics platform, Forest Logistics. BPEA Real Estate Fund II, which closed in 2018 with $1 billion in capital commitments, contributed part of the capital for Forest Logistics, according to […]

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