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2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital

2019 Africa Roundup: Jumia IPOs, China goes digital, Nigeria becomes fintech capital 2019 brought more global attention to Africa’s tech scene than perhaps any previous year. A high profile IPO, visits by both Jacks (Ma and Dorsey), and big Chinese startup investment energized that. The last 12 months served as a grande […]

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Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Brazilian unicorn Ebanx will hit billion in payments processed by the end of the year Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch […]

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The portrait of an avatar as a young artist

The portrait of an avatar as a young artist Alice Lloyd George Contributor Share on Twitter Alice Lloyd George is an early stage investor based in New York and the host of Flux, a series of podcast conversations with leaders in frontier technology. More posts by this contributor Matt Cauble on changing […]

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Data says there are only two seasons for fundraising and one secret window

Data says there are only two seasons for fundraising and one secret window Russ Heddleston Contributor Share on Twitter Russ is the cofounder and CEO of DocSend. He was previously a product manager at Facebook, where he arrived via the acquisition of his startup Pursuit.com, and has held roles at Dropbox, Greystripe, […]

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China’s Alipay digital wallet is entering 7,000 Walgreens stores

China’s Alipay digital wallet is entering 7,000 Walgreens stores China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing […]

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It isn’t just apps. China’s cinemas broke records during Lunar New Year

It isn’t just apps. China’s cinemas broke records during Lunar New Year China celebrated Lunar New Year last week as hundreds of millions of people travelled to their hometowns. While many had longed to see their separated loved ones, others dreaded the weeklong holiday as relatives awkwardly caught up with them with […]

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A government propaganda app is going viral in China

A government propaganda app is going viral in China Besides binge-watching TikTok videos and battling enemies in the magical land of mobile games, many Chinese people may also pass time during the upcoming Lunar New Year on Xuexi Qiangguo, a news and chat app developed by the country’s top ideology officials. The […]

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Tesla breaks ground on Shanghai factory which will product Model 3 EVs for China

Tesla breaks ground on Shanghai factory which will product Model 3 EVs for China Tesla CEO Elon Musk has confirmed that the company’s first overseas factory in Shanghai will focus on producing Model 3 vehicles for the Chinese market only. Musk is currently in China to break ground on the new factory […]

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Another day, another reversal in the stock market

Another day, another reversal in the stock market Signs that the Federal Reserve could hold off on further interest rate hikes coupled with a booming jobs report sent stocks on Wall Street surging to close a volatile first trading week for the New Year. After yesterday’s Apple-induced slide, and in the face […]

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Apple losses trigger a plunge in U.S. markets

Apple losses trigger a plunge in U.S. markets Bad news from Apple and signs of slowing international and domestic growth sent stocks tumbling in Thursday trading on all of the major markets. Investors erased some $75 billion in value from Apple alone… an amount known technically as a shit ton of money. But […]

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