Tech and Internet

myfisenseSeptember 15, 2021

(Bloomberg) — Hedge fund billionaire Steve Cohen was until recently a bit of a skeptic when it came to cryptocurrencies. Then his son — a “cryptomaniac” — helped change his mind. “He really convinced me this was something I needed to do,” Cohen, the founder of Point72 Asset Management and owner of the New York […]

myfisenseSeptember 14, 2021

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 […]

myfisenseSeptember 13, 2021

(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 […]

myfisenseSeptember 13, 2021

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 […]

myfisenseSeptember 13, 2021

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 […]

myfisenseSeptember 13, 2021

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 […]

myfisenseSeptember 10, 2021

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 […]

myfisenseSeptember 10, 2021

(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 […]

myfisenseSeptember 10, 2021

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(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 […]

myfisenseSeptember 8, 2021

(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 […]

Category: Tech and Internet

Steve Cohen Throws Himself Into Crypto After Early Doubts

Self-driving startup DeepRoute.ai nets over $300m Series B from Alibaba, others

Stocks, Futures Rise as Traders Await U.S. CPI: Markets Wrap

Singapore bank DBS charts ambitious plans for digital exchange

Stocks correction of 5%-10% likely by year-end: Deutsche survey

In fresh regulatory move, China tells tech giants to stop blocking rivals’ links

Singapore’s Sea Ltd secures $6 billion in mega fund raising

Kakao Empire Loses $16 Billion as Korea Steps Up Crackdown

Uber Eats, DoorDash, Grubhub sue New York City over legislation on commission caps

ByteDance in talks with banks to borrow over $3 bln, sources say

Singapore real estate major CapitaLand Investment rises in SGX debut

FloBiz raises $31 million to scale its neobank for small businesses in India

Flippa raises $11M to match online asset and business buyers, sellers

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