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The race to be China’s top fintech platform: Ant vs Tencent

The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not […]

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Jack Ma’s fintech giant tops 1.3 billion users globally

Jack Ma’s fintech giant tops 1.3 billion users globally The speculation that Alibaba’s fintech affiliate Ant Group will go public has been swirling around for years. New details came to light recently. Reuters reported last week that the fintech giant could float as soon as this year in an initial public offering […]

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A glint of hope for India’s food delivery market as Zomato projects monthly cash burn of less than $1M

A glint of hope for India’s food delivery market as Zomato projects monthly cash burn of less than M Food delivery startups in India have been struggling to make financial sense for years. They have each lost as much as $50 million a month to win and sustain customers by offering discounts. […]

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VESoft raises $8M to meet China’s growing need for graph databases

VESoft raises M to meet China’s growing need for graph databases Sherman Ye founded VESoft in 2018 when he saw a growing demand for graph databases in China. Its predecessors like Neo4j and TigerGraph had already been growing aggressively in the West for a few years, while China was just getting to […]

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JioMart, the e-commerce venture from India’s richest man, launches in additional cities

JioMart, the e-commerce venture from India’s richest man, launches in additional cities The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s […]

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Indian food delivery startup Swiggy is cutting about 1,000 jobs

Indian food delivery startup Swiggy is cutting about 1,000 jobs Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based […]

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Alipay owner Ant Financial takes minority stake in Klarna

Alipay owner Ant Financial takes minority stake in Klarna Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European presence and a flagship product that lets […]

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How Bykea is winning Pakistan’s ride-hailing and delivery market

How Bykea is winning Pakistan’s ride-hailing and delivery market Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s tech startups. India now has more than 25,000 startups […]

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Who will the winners be in the future of fintech?

Who will the winners be in the future of fintech? Nik Milanovic Contributor Share on Twitter Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. More posts by this contributor Fintech’s next decade will look radically different Libra’s critics […]

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China Roundup: Ant Financial’s new boss and Tencent’s army of new apps

China Roundup: Ant Financial’s new boss and Tencent’s army of new apps Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, we are looking at what Ant Financial’s executive […]

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