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Veon's parent company Dastgyr raises $37 million in A funding
Dastgyr Technologies Pvtemen a company in Pakistan, was founded by Bloomberg. The country's largest Series A funding has raised $37 million for an e-commerce platform similar to Alibaba Group Holding Ltd. for emerging markets. Dastgyr Technologies Pvt ., a company in Pakistan, was founded by Bloomberg . The country's largest Series A funding has raised $37 million for an e-commerce platform similar to Alibaba Group Holding Ltd. for ...
Updated: 06/14/2022
Chinese tech giant Geely acquires majority stake in Meizu
... Things Google s AI bot Wrote That Convinced Engineer It Was Sentient The report, which didn't give a value of the transaction, said on Tuesday that Hubei Xingji Shidai Technology Co. bought a 79% interest in Meizu from Meizu founder and a unit of Alibaba Group Holding Ltd. Speculation that Geely was in talks to acquire the mobile phone maker surfaced earlier this year. Add a smartphone maker to its stable comes as cars morph from mere forms of transport into electric, internet-connected and autonomous ...
Updated: 06/14/2022
Shares of Hong Kong's Koolearn soar on livestream sales
... WeChat account, Yu said that New Oriental is launching a streaming channel to promote education related products, including books and smart learning devices. Livestreaming has been under official scrutiny, too. The top three streaming sales hosts of Alibaba Group Holding have been forced offline in recent months due to political insensitivity or tax evasion. Li Jiaqi, known as the Lipstick King, went off the air recently after sharing an ice cream cake shaped like a tank on the anniversary of the 1989 Tiananmen ...
Updated: 06/13/2022
China’s tech revival faces key technical tests
... will probably need to see signs of solid growth in tech companies for their shares to rise. Four charts summarise some technical challenges that Chinese tech stocks face: The Hang Seng Tech index, which includes firms such as Tencent Holdings Ltd. and Alibaba Group Holdings Ltd., has broken above a bearish zone in the Ichimoku Cloud analysis, a popular technical study. Both the gauge and the so-called lagging span -- which shows closing levels plotted 26 days into the past -- have broken above the zone. Proponents ...
Updated: 06/13/2022
Alibaba's Ant Group shares plunge after China regulator denies review
... Yu'EBao . Ant said it would return to its payment origins. The Alipay app was founded two decades ago as a payment service for Alibaba's variety of shopping platforms. It was later extended into other financial services within Alipay , becoming a major ... ... company has pledged to spare no effort in implementing the rectification plan under the guidance of financial regulators. Ant Group will strengthen our commitment to serving consumers, small businesses and the real economy by using the rectification as ...
Updated: 06/11/2022
Missing Chinese influencer Li Jiaqi reaches a week
... influencer, Li Jiaqi , stretched to a week on Friday, leaving fans speculating about why he had gone missing and when he would be back on their screens. Li , also known as Austin , has more than 64 million followers for his livestreaming channel on the Alibaba Group Taobao Marketplace Taobao Marketplace where he sells a wide range of products from cosmetics to food for a few hours in the evening, usually six days a week. He was considered the last surviving mega-livestreaming influencer after his biggest rival ...
Updated: 06/10/2022
Asian shares track Wall Street lower, dollar holds onto gains
... 1.2% in early Asian trade, weighing down by drops of 1.5% in Hong Kong, 0.8% in resources-heavy Australia and 1.6% in South Korea. The tech giants listed in Hong Kong were hit hard, with their sub-index opening 2.9% being lower. Hong Kong shares of Alibaba fell 3.3% after Ant Group said it had no plan to initiate an initial public offering. The U.S. stock fell 8.1% overnight. New COVID 19 cases have caused market sentiment in China to be soured by renewed restrictions in Beijing and Shanghai. Multiple districts in Beijing ...
Updated: 06/10/2022
Here’s what the US and euro-area selloff
... down seven districts this weekend to conduct Covid testing. The Chinese President Xi Jinping called for his government to adhere unwaveringly to its Covid Zero policy while at the same time keeping a balance with the needs of the economy. Meanwhile, Alibaba Group Holding Ltd.'s US shares plunged after China s regulator denied a Bloomberg News report that it had started early stage discussions on reviving the initial public offering of Jack Ma's Ant Group Co. Which commodities will perform better at the ...
Updated: 06/09/2022
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