O2OPay provides token payments instead of a coupon, loyalty points or other payments. Consumers get more compensation for data or for taking actions that would have resulted in points or rewards or cashback. O2O means Online to Offline and they mean to get a large part of the coupon, reward and loyalty by integrating with …
China’s Ant Financial, the payment affiliate of Alibaba, has raised a total of $14 billion. It was a yuan and dollar-denominated tranches. Investors included Singapore’s sovereign wealth funds GIC and Temasek, Malaysia’s Khazanah Nasional Berhad and the Canada Pension Plan Investment Board. Private equity groups included Warburg Pincus, Silver Lake Partners and General Atlantic. Alibaba …
For more than a decade, eToro has been a leader in the global Fintech revolution. eToro is the world’s leading social trading network, with millions of registered users and an array of innovative trading and investment tools. eToro has plans to launch a cryptocurrency exchange and crypto wallet and raised $100 million in private funding. …
Microsoft has a market valution of $760 billion. Google has a market capitalization of $745 billion. Google and Facebook are facing up to $9.3 Billion in fines on first day of new European privacy law. Shares of Microsoft (MSFT) rose nearly 1% Wednesday and are now up more than 15% this year. Microsoft is succeeding …
Google I/O is being held from Tuesday, May 8, through Thursday, May 10, at the Shoreline Amphitheater in Mountain View, California. AI is working hard across Google products to save you time. One of the best examples of this is the new Smart Compose feature in Gmail. By understanding the context of an email, we …
Google I/O is being held from Tuesday, May 8, through Thursday, May 10, at the Shoreline Amphitheater in Mountain View, California. AI is working hard across Google products to save you time. One of the best examples of this is the new Smart Compose feature in Gmail. By understanding the context of an email, we …
Alibaba acquired the entire share capital of South Asian eCommerce platform Daraz Group (“Daraz”) for an undisclosed amount. Daraz was founded in Pakistan in 2012 and has since grown into the most popular online shopping destination in the country. Today, Daraz also operates online marketplaces in Bangladesh, Myanmar, Sri Lanka and Nepal. The five South …
Alibaba’s 2018 first-quarter revenue grew 61 percent to 61.9 billion yuan ($9.73 billion) from a year earlier, beating analyst estimates of a 53 percent increase. The results mark two years of continuous quarterly revenue growth above 50 percent for Alibaba, even as new business investments in offline retail, cloud computing, and overseas expansion continue to …
Deloittes Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top …
Chinese e-commerce giant Alibaba Group and US carmaker Ford have unveiled an unstaffed car vending machine that is 5 stories tall in China’s southern city Guangzhou. The machine stands about five-storeys tall and contains 42 cars, of various models, including the Ford Explorer SUV and Mustang. People can buy cars from a smartphone app in …
Mobile payments are just one of seven key markets for China’s booming fintech industry. Fintech is short for “financial technology” and refers to the application of technology within the financial services industry. This is information from a Brookings Institution piece, authored by Wei Wang and David Dollar. Other areas include online lending, consumer finance, online …