All Eyes On India
Investors have been directing money into India's stock market, which Goldman Sachs predicts could rise to more than $5 trillion in three years, making it the world's fifth largest.
Go Deeper (3 min read)Meituan Hit With $ 534m Antitrust Fine
China's State Administration for Market Regulation (SAMR) announced on Friday that Meituan had abused its monopoly in the country's online food delivery market.
Go Deeper (2 min read)Twitter Sells MoPub To AppLovin For $ 1.05B
MoPub was purchased by Twitter for $350 million in 2013 and will be sold for $1.05 billion in cash. According to Twitter, MoPub helped the business generate $188 million in revenue last year. Twitter had previously stated that it wanted to double its yearly revenue by 2023.
Go Deeper (2 min read)Meesho's valuation has more than doubled in less than six months to $ 4.9 billion, as a rising number of high-profile investors back the Indian social commerce business, which is growing rapidly despite the pandemic.
Go Deeper (2 min read)Pinterest, Worth Buying?
Founded in March 2010 by Ben Silbermann, Evan Sharp, and Paul Sciarra, Pinterest has grown to become what it describes as “the world’s catalog of ideas.” As of June 2021, the platform had over 454 million users worldwide.
Go Deeper (9 min read)More from Business
A previous draft of the law said that tech companies must ask for the user's consent to collect its data and users can withdraw at any time. On top of this, companies can't refuse to serve users that do not opt in unless the data is necessary for the provision of the product or the service.
Go Deeper (2 min read)
Upwork, The Work Enabler
Upwork is the first online marketplace with over $100 million in United States staffing revenue, thereby ranking it among the top United States (US) staffing and talent engagement firms.
Go Deeper (9 min read)
Qt’s net sales for the second quarter amounted to EUR 33,925 thousand (EUR 18,081 thousand), up 87.6 percent. License sales and consulting grew by 119.6 percent, while maintenance revenue increased by 5.8 percent.
Go Deeper (2 min read)
Roblox Acquires Guilded
Roblox announced Monday that it acquired Guilded, a company building a chat platform for gamers. While Discord has grown beyond the competitive gaming world, Guilded has stayed focussed on it and added features such as events planning and calendars.
Go Deeper (1 min read)
SoFi Plunges, A Buying Opportunity?
SoFi Technologies reported a net loss of $ 165m, down from last year's profit of $ 7.8m. However, adjusted net revenue grew 74% year over year as member growth accelerated to 113%.
Go Deeper (2 min read)
Naked Raises Fresh Cash From Naspers
South African insurtech startup, Naked, has raised $ 11m from Naspers. The platform was founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North.
Go Deeper (2 min read)
