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Paytm targets merchants to fight back Google and Walmart in India’s crowded payments field

Paytm targets merchants to fight back Google and Walmart in India’s crowded payments field Paytm today announced two new features for businesses as the financial services firm looks to expand its reach in the nation that has quickly become one of the world’s most crowded and competitive payments markets. The Noida-headquartered firm, […]

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Jumia, DHL, and Alibaba will face off in African ecommerce 2.0

Jumia, DHL, and Alibaba will face off in African ecommerce 2.0 The business of selling consumer goods and services online is a relatively young endeavor across Africa, but ecommerce is set to boom. Over the last eight years, the sector has seen its first phase of big VC fundings, startup duels and […]

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Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

Africa Roundup: Nigerian fintech gets 0M, mints unicorn, draws Chinese VC November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised […]

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China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel

China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel 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. The earnings season is here. This week, long-time archrivals in the Chinese […]

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Jack Ma officially retires as Alibaba’s chairman

Jack Ma officially retires as Alibaba’s chairman Jack Ma stepped down as Alibaba’s chairman today, handing the role over to the company’s current CEO Daniel Zhang. The transition was announced a year ago. Ma will continue serving on Alibaba’s board until its annual general shareholders’ meeting next year. He also remains a […]

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Hellobike, survivor of China’s bike-sharing craze, goes electric

Hellobike, survivor of China’s bike-sharing craze, goes electric Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players […]

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Tencent CEO warns companies must keep innovating to survive amid US-China tensions

Tencent CEO warns companies must keep innovating to survive amid US-China tensions On Tuesday, Tencent’s usually low-profile founder and CEO Pony Ma made rare comments to weigh in on escalating tensions between the United States and China, calling domestic tech companies to build more self-reliance in a bid to stay competitive. “China […]

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Bill Gates and Jeff Bezos-backed fund invests in a global geothermal energy project developer

Bill Gates and Jeff Bezos-backed fund invests in a global geothermal energy project developer Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investing $12.5 million in a geothermal project development company called Baseload […]

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Tiger Global and Ant Financial lead $500M investment in China’s shared housing startup Danke

Tiger Global and Ant Financial lead 0M investment in China’s shared housing startup Danke A Chinese startup that’s taking a dorm-like approach to urban housing just raised $500 million as its valuation jumped over $2 billion. Danke Apartment, whose name means “eggshell” in Chinese, closed the Series C round led by returning […]

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With $90 million in funding, the Ginkgo spinoff Motif joins the fight for the future of food

With million in funding, the Ginkgo spinoff Motif joins the fight for the future of food Continuing its quest to become the Amazon Web Services for biomanufacturing, <a href=”http://ginkgobioworks.com/”>Ginkgo Bioworks has launched a new spinoff called Motif Ingredients with $90 million in funding to develop proteins that can serve as meat and […]

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