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China’s draft payments rules put Ant, Tencent on notice image
China’s draft payments rules put Ant, Tencent on notice image
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A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Ch...



Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon image
Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon image
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Indian stock exchanges approved the $3.4 billion deal between retail giants Reliance Retail and Future Group on late Wednesday in yet another setback for Amazon, which has invested over $6.5 billion in the world’s second largest internet market and s...



Alibaba shares jump on Jack Ma’s first appearance in 3 months image
Alibaba shares jump on Jack Ma’s first appearance in 3 months image
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Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. The video was first posted on a n...



India asks WhatsApp to withdraw new privacy policy, expresses ‘grave concerns’ image
India asks WhatsApp to withdraw new privacy policy, expresses ‘grave concerns’ image
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India has asked WhatsApp to withdraw the planned change to its privacy policy, posing a new headache to Facebook-owned service that identifies the South Asian nation as its biggest market by users. In an email to WhatsApp head Will Cathcart, the nati...



Qualcomm-backed chipmaker Kneron nails Foxconn funding, deal image
Qualcomm-backed chipmaker Kneron nails Foxconn funding, deal image
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A startup based out of San Diego and Taipei is quietly nailing fundings and deals from some of the biggest names in electronics. Kneron, which specializes in energy-efficient processors for edge artificial intelligence, just raised a strategic fundin...



Google backs India’s Dunzo in $40 million funding round image
Google backs India’s Dunzo in $40 million funding round image
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Google is writing check to another startup in India. The Android-maker, which last year unveiled a $10 billion fund to invest in the world’s second largest internet market, said on Tuesday that it is participating in a $40 million investment round of...



Tencent-backed Hike, once India’s answer to WhatsApp, has given up on messaging image
Tencent-backed Hike, once India’s answer to WhatsApp, has given up on messaging image
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India’s answer to WhatsApp has completely moved on from messaging. Hike Messenger, backed by Tencent, Tiger Global and SoftBank and valued at $1.4 billion in 2016, earlier this month announced that it was shutting down Sticker Chat, its messaging app...



Tencent-backed Hike, once India’s answer to WhatsApp, has given up on messaging image
Tencent-backed Hike, once India’s answer to WhatsApp, has given up on messaging image
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India’s answer to WhatsApp has completely moved on from messaging. Hike Messenger, backed by Tencent, Tiger Global and SoftBank and valued at $1.4 billion in 2016, earlier this month announced that it was shutting down Sticker Chat, its messaging app...