Indian Fintech Firm Paytm Raises $1 Billion in Series G Funding
Paytm, India's financial services firm, has secured $1 billion in its series G funding. Investors who took place in the Equity funding include Ant Financials and SoftBank Vision Fund who [...]
European Union to Invest KSh2.8 Billion in Kenyan Businesses
The European Union (EU) has promised to invest KSh2.8 billion in Kenyan businesses. According to EU representative to Kenya, Ambassador Simon Mordue, the funding will be limited to businesses whose [...]Airbnb Signs $500 Million Olympic Sponsorship Deal
Airbnb has signed a sponsorship deal with the International Olympic Committee (IOC) ahead of its Initial Public offering (IPO) that is scheduled for 2020. According to Forbes, the deal is [...]Uber's Chief Product Officer Resigns
UberInc.'s Chief Product Officer, Manik Gupta, has resigned from the position. His last day in office will be on 13th December 2019. In his note to Uber’s product team, Gupta [...]Morgan Stanley Forecast Global Growth Recovery in 2020
Morgan Stanley has recently given a global growth forecast. The firm forecasts that the global growth will recover from the first quarter of 2020 onwards. The forecast is attributed to [...]Airbus Secures $30 Billion in New Orders for Planes
Airbushas secured $30 billion in new orders for planes from airlines based in the United Arab Emirates. This happened at the ongoing Dubai Airshow. Emirates Airline ordered 50 A350s from [...]European Investment Bank Stops Funding Fossil Fuel Projects
The European Investment Bank (EIB) has revealed plans to stop the funding of oil, gas and coal projects. This will take effect at the end of 2021. If this is [...]OneConnect, China's Fintech Firm, Files for U.S. IPO
SoftBank-backed OneConnect Financial Technology has filed for an Initial Public Offering (IPO) with the U.S. Securities and Exchange Commission. According to China Daily, the proposed IPO will raise up to [...]Nike Stops Selling Products Through Amazon After End of Pilot Program
Nike will stop selling its shoes and apparel through the Amazon website after its two-year partnership ended. The company will now focus on direct sales to consumers through its in-house [...]Alibaba's Singles Day Sales Hit $38 Billion
Retail Giant Alibaba marked the end of Singles day with sales of $ 38.4 billion, breaking its last year record of $ 30.7 billion. The e-commerce platform mostly sold electronic [...]Whatsapp Launches a Catalogue Feature for Small Businesses
Whatsapp business has launched a catalogue feature in its business app, which will allow small businesses to showcase their products and to add useful information such as pictures, product descriptions, [...]Alibaba Targets $15 Billion in Hong Kong Listing
Chinese retail giant Alibaba is looking to list on the Hong Kong Stock exchange later this month. According to Thomson Reuters, the e-commerce conglomerate is targeting about $15 billion, a [...]
