MyGate aims at 10-fold growth in user base in 2020
The firm has raised a 'Series B' funding of $56 million from the Chinese internet giant Tencent Holdings, US- based JS Capital, Tiger Global Management, besides the existing investor Prime Venture Partners.
Chinese internet firms falling behind on renewable energy goals - Greenpeace
While some of China's tech firms are procuring clean energy thro...
Hong Kong shares end higher as Middle East worries ease
The Hang Seng index closed 95.87 points or 0.34 per cent higher at 28,322.06.
ByteDance, the world’s most valuable startup, weighs selling TikTok
A TikTok stake sale would likely push back any initial public offering for ByteDance. The company has considered an IPO in the US or Hong Kong as soon as next year, but still needs to beef up its international operations and hire a chief financial officer
JD.Com's logistics unit taps banks for potential $8-$10 billion IPO: Sources
The float could take place in the second half of 2020, the people said.
China targets tech giants in app privacy crackdown
The industry ministry said 41 apps failed an examination following orders in July to ensure they comply with user data rules.
Tencent buys 10% of Policybazaar, enters India insurance market
Tencent, known for its dominant WeChat messenger, has been an aggressive investor in Indian startups.
Startup investors writing more $100 million cheques this year
With the rush of capital and new types of investors coming in, venture capitalists said the time taken for startups to grow their business and rack up $100 million in funding has also shrunk over the past few years.
China plans to launch its own digital currency
China's central bank - the People's Bank of China (PBC) - has stepped up efforts to roll out its Digital Currency Electronic Payment (DCEP) as it seeks to stay ahead of the competition among central banks around the world and help preserve financial sovereignty, state-run Global Times reported.
Tencent leads $110 million funding round in MX Player
The funding by Tencent will further intensify the competition in the domestic over the top, or OTT market which has been growing exponentially on the back of cheap mobile data, thanks to the price wars unleashed by Reliance Jio.
MyGate gets $56 million from Tencent, Tiger Global, others
Prime Venture Partners and JS Capital Management join the round.
Naspers-PayU, Tencent eye stake in Pine Labs
While Pine Labs does not have a high cash burn, the additional capital raised will help it expand in the lending space.
Ola in talks with Microsoft for $200 million funding
Ola, which has about 200 million riders on its platform across India, the UK, Australia and New Zealand, had recently announced setting up of a research unit in the Bay Area to focus on new areas like e-vehicles and connected cars.
EpiFi scores $13 million in its seed round
Funding tap is open for a host of ventures Sequoia Capital, Ribbit Capital, others pitch in.
Udaan valuation soars to $2.8 billion post $585 mn funding
ON THE FAST LANE: Firm’s rise to Unicorn status makes a compelling case for SME digital disruption.
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