Tag: Alibaba Group

FinTech valuations rebound quicker than the broader market in Q2 2023

According to PitchBook, the stock prices of public FinTech companies have shown a quicker recovery than the broader market. In the second quarter, these...

China finalises Ant Group’s regulatory overhaul with hefty fine

The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.

The ten companies driving the growth of wearable payments

Everything from rings to smartwatches can be used to make payments these days, but ten companies are spearheading the market's development.

SQream closes its Series B+ funding round on $39.4m

Data analytics platform SQream has closed its Series B+ round on $39.4m, with Mangrove Capital Partners and Schusterman Family Investments leading the round.

Klarna acquires UK-based e-commerce company Nuji

Swedish FinTech unicorn Klarna is "continuing to invest strategically" by buying Nuji for an undisclosed amount.

AI startup SenseTime closes $600m Series C

SenseTime, a Chinese AI company specialising in facial and image recognition technology, has closed a $600m Series C round.

Ant Financial could reach $150bn valuation in new funding round

Ant Financial, the payments affiliate of China’s Alibaba Group, is reportedly seeking to raise at least $9bn in a funding round.

CompareAsiaGroup picks up $50m Series B

Southeast Asia CompareAsiaGroup has picked up a $50m Series B funding round, led by IFC who committed $15m to the investment.

Tokopedia bags $1.1bn investment from Alibaba Group

Indonesia-based online marketplace Tokopedia has raised an investment round of $1.1bn, led by Alibaba Group.

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