Category: Tech

myfisensemyfisenseOctober 14, 2021

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 1, 2021

Japanese mobile phone services and online shopping mall operator Rakuten Group Inc said it will start preparing for an initial public offering of the group’s online banking unit, as it looks to raise funds from its fintech business. The planned listing will allow Rakuten Bank Ltd, which had 186.8 billion yen ($1.69 billion) in net […]

myfisensemyfisenseSeptember 29, 2021

Netflix Inc., which has made video games a priority for expansion, acquired its first game developer with the purchase of Night School Studio. The streaming giant announced the deal on Tuesday on its website. Night School confirmed the purchase separately on its own site, saying it’s “a surreal honor to be the first games studio to join […]

myfisensemyfisenseSeptember 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 […]

myfisensemyfisenseSeptember 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 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

(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

 (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 9, 2021

Singapore-headquartered e-commerce and gaming giant Sea Ltd announced that it is raising up to $6.3 billion by offering American Depositary Shares (ADSs) and convertible bonds, in what will be one of Southeast Asia’s largest fundraisings. Proceeds from the fundraising will be used to fuel the company’s business expansion, including potential strategic investments and acquisitions, and […]

myfisensemyfisenseSeptember 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 […]

myfisensemyfisenseSeptember 8, 2021

ROME (Reuters) -Ryanair is willing to wait years for Boeing (NYSE:BA) to drop its prices before placing a big new plane order with the U.S. firm, Chief Executive Michael O’Leary told Reuters, while he also downplayed the chance of a deal with rival Airbus. The Irish airline, one of Boeing’s biggest customers, said on Monday […]

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