Megvii Inc., the developer of facial recognition system Face++, is reportedly raising at least $600 million from investors including Alibaba and Boyu Capital. According to...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes BNP Paribas Asset Management’s new U.K. debt fund. In addition,...
It’s earnings season, which leads us to mull the fate of companies large and small, and of industries that are global in scope. Granted, we’re...
Investors have been withdrawing funds from peer-to-peer lending platforms amid a wave of defaults across the industry in China. According to a report in the...
With Chinese regulators clamping down on the cryptocurrency market, crypto millionaires in the country are selling the digital tokens in the U.S. and buying real...
Every year for the last four, PayPal has released it Cross-Border Consumer Research report, an annual report card on marketplaces’ progress and a snapshot on...
Chinese venture capitalists have been throwing money at Silicon Valley startups to the tune of $2.4 billion from the start of the year through May....
Ele.me, the food delivery platform acquired by Alibaba Group, is looking for $2 billion in new financing to help it take on rival Meituan Dianping....
China-based WeDoctor is forming a new company to launch a supply chain and procurement solution for the nation’s medical industry, Global Banking and Finance reported Friday (July...