The four largest tech companies have regained their trillion-dollar status as the stock market continues its surprising rebound following a big slide during the early days of the coronavirus crisis. Alphabet, the corporate parent of Google, was the last of the big four to rejoin...
Indonesian payment processor Payfazz has secured $53 million in Series B funding, numerous media outlets reported Monday (July 6). Jakarta-based Payfazz operates through agents — the company’s network consisted of more than a quarter million — who process payments to pay utility bills, buy telephone...
Intel Capital Corp. wants a piece of Jio Platforms, India’s largest mobile network operator, LiveMint.com reported. The investment division of Intel plans to invest $253 million for a 0.39 percent stake in the company, becoming the 11th financial services company to invest in the digital services...
Google and Temasek Holdings Private Ltd., an investment company owned by the Singapore government, are in talks to invest as much as $1 billion for Tokopedia, sources told Bloomberg News. The Indonesian eCommerce retailer backed by SoftBank Group Corp.’s Vision Fund has also met with...
Tech companies’ initial public offerings (IPOs) can be grossly mispriced, as evidenced by some companies like Lemonade and Agora which have leapt up close to or even more than 150 percent in price after going public, CNBC reports. The problem, according to venture capitalist Bill...
Palantir Technologies has a lot of irons in the fire as it reportedly gets ready for an initial public offering (IPO), including its current drive to raise nearly $1 billion from investors. In federal filing Wednesday (July 1), Palantir said it was offering securities totaling...
The Singapore government’s Temasek Holdings Ltd. is in talks to invest up to $100 million in Zomato, the Indian food delivery service firm, the India Times reported. Founded in 2009, Zomato describes itself as a provider of restaurant reviews and food delivery for more than 1.5...
Billionaire Facebook co-founder Eduardo Saverin’s budding venture capital firm has raised a new $820 million fund for investments in startups, a move that comes at a time when many entrepreneurs are struggling amid a sharp decline in financing deals. B Capital Group, launched five years...
A Chinese startup is landing hundreds of millions in additional financing as a group of investors – which includes Tencent – eyes the country’s fast-growing grocery delivery sector. Tencent and private equity heavyweight Primavera are spearheading the $300 million investment in Xingsheng Youxuan, Bloomberg reported,...
