Category: Tech and Internet

myfisensemyfisenseSeptember 14, 2021
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3min00
Self-driving technology developer DeepRoute.ai announced on Tuesday the completion of a Series B funding round at over $300 million, as the startup continues its commitment to advancing urban logistics and popularising robotaxis. The oversubscribed round was led by Chinese e-commerce giant Alibaba Group, with participation from Asia-based growth capital investor Jeneration Capital and a fund […]

myfisensemyfisenseSeptember 13, 2021
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3min00
(Bloomberg) — European shares and U.S. futures climbed ahead of critical U.S. inflation data this week that traders will use to assess expectations about the timing of stimulus withdrawal and interest-rate hikes. The dollar edged higher and Treasury yields were little changed. Contracts on the S&P 500 and Nasdaq 100 advanced after the indexes ended […]

myfisensemyfisenseSeptember 13, 2021

5min00
SINGAPORE (Reuters) – Singapore’s DBS Group expects to double the number of members on its new platform for cryptocurrency trading to 1,000 by end-December and grow this by 20-30% annually for the next three years as digital tokens gain acceptability. In an interview, DBS’s senior executives said DBS Digital Exchange, set up in December as […]

myfisensemyfisenseSeptember 13, 2021
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2min00
LONDON (Reuters) – An equity market correction of 5%-10% by the end of the year was the overwhelming consensus in a September market sentiment survey published by Deutsche Bank on Monday. According to the report, conducted from September 7-9 and covering over 550 market professionals globally, 58% of respondents said they expected an equity selloff […]

myfisensemyfisenseSeptember 13, 2021
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5min00
BEIJING — China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each other’s links on their sites or face consequences. The comments, made by the Ministry of Industry and Information Technology (MIIT) at a news briefing, mark the latest step in Beijing’s broad […]

myfisensemyfisenseSeptember 10, 2021
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3min00
Singapore-based gaming and e-commerce company Sea Ltd has raised about $6 billion in an equity and convertible bond sale, making it Southeast Asia’s largest fund raising. The company priced 11 million American Depository Receipts https://refini.tv/3E3K4VS at $318 each, together with $2.5 billion in a convertible bond. Shares of Sea, Southeast Asia’s most valuable listed company […]

myfisensemyfisenseSeptember 10, 2021
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3min00
(Bloomberg) — Kakao Corp. and its listed subsidiaries have lost more than $16 billion in market value this month as South Korea ramps up its own version of tech crackdowns. Kakao itself has shed nearly $10 billion as foreign and local institutional investors dumped the stock after prominent lawmakers called the nation’s biggest messaging and […]

myfisensemyfisenseSeptember 10, 2021
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6min00
 (Reuters) – Food-delivery companies DoorDash Inc (DASH.N), Grubhub Inc and Uber Eats have sued New York City over a legislation to license food-delivery apps and to permanently cap commissions they can charge restaurants. The three food-delivery companies filed a lawsuit in federal court in New York late on Thursday. The companies are seeking an injunction that would […]

myfisensemyfisenseSeptember 8, 2021
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4min00
(Reuters) – ByteDance, the Chinese owner of short-video platform TikTok, is in talks with Wall Street banks to borrow more than $3 billion to refinance its debt, according to two people with the knowledge of the matter. The company plans to take advantage of currently low interest rates to repay its debt, one of the […]

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