Citic news and trends

AI Cybersecurity Darktrace Valued at $825M After $75M Round
Security & Fraud // July 12, 2017

New cyber threats have shoved legacy antivirus systems into obsolescence. Polymorphic malware changes its profile as it attacks, sliding around pattern recognition-based defenses. Cyber defense firms are therefore developing new methods based on artificial intelligence. Darktrace, one such firm that is using machine learning to...

PYMNTS Daily Data Dive: McDonald’s China Sale
Daily Data Dive // January 11, 2017

McDonald’s Corp. has reached a pact to sell most of its China- and Hong Kong–based operations to Citic, the Chinese state-backed entity, along with Carlyle Group for as much $2.1 billion. The ownership structure shakes out to 32 percent for Citic, and affiliate Citic Capital...

McDonald’s Sells Chinese Ops In $2B Deal
Retail // January 10, 2017

Fast-food giant McDonald’s Corp. has reached a pact to sell most of its China- and Hong Kong–based operations to Chic, the Chinese state-backed entity, along with Carlyle Group for as much $2.1 billion. Reuters reported Monday (Jan. 9) that the deal, which stretches out over...

Quick Reads
AI Cybersecurity Darktrace Valued at $825M After $75M Round

July 12, 2017
New cyber threats have shoved legacy antivirus systems into obsolescence. Polymorphic malware changes its profile as it attacks, sliding around pattern recognition-based defenses. Cyber defense firms are therefore developing new methods based on artificial intelligence. Darktrace, one such firm that is using machine learning to identify and prevent attacks, takes a vaccination approach. Its Enterprise […]

PYMNTS Daily Data Dive: McDonald’s China Sale

January 11, 2017
McDonald’s Corp. has reached a pact to sell most of its China- and Hong Kong–based operations to Citic, the Chinese state-backed entity, along with Carlyle Group for as much $2.1...