Share
Indonesia agritech startup TaniGroup, which operates agricultural e-commerce products recently raised $10 million in Series A funding. The company runs the agritech e-commerce platform TaniHub and TaniFund, a P2P lending platform and plans to utilize the funds for product development and expansion. As a P2P lending platform, TaniHub and TaniFund is not affected by stock…
Share
The Hong Kong’s Securities & Futures Commission (SFC) said that Alibaba Group Holding Ltd breached the takeover rules in its acquisition of CITIC 21CN Company Ltd. by entering another deal during the acquisition process. CITIC 21CN, in which the e-commerce company bought a stake in 2014, is now known as Alibaba Health Information Technology Limited. How Alibaba Group Broke Takeover…
Share
Alibaba Group Holding Ltd announced a partnership with Nvidia Corporation that will see the two firms collaborate on development of artificial intelligence and cloud computing technologies. An estimated 1,000 developers will be hired to create a big-data platform over the next three years. The partnership will see the Chinese e-commerce giant, through its subsidiary Alibaba…
Share
Alibaba Group Holding Ltd (NYSE:BABA) stock crashed right after the market opened on Tuesday morning as investors became more wary of the connection between the firm and the brewing stock market crisis in its home country, China. Shares in the firm were down by more than 4% at time of writing as more and more…
Share
Apple Inc. (NASDAQ: AAPL) is having a hard time getting the partnerships it needs in order to make Apple Pay a worldwide phenomenon. The tech company is aiming at China right now, if statements Tim Cook made yesterday are to be believed. The CEO told the country’s Xinhua news agency, “I’m very bullish on Apple…
Share
News Corp (NASDAQ: NWSA), Groupon Inc (NASDAQ: GRPN), Walt Disney Co (NYSE: DIS) and Sprint Corp (NYSE: S) will announce quarterly numbers on Tuesday. Here’s what investors can expect: News Corp (NASDAQ:NWSA) News Corp is scheduled to release its third-quarter numbers after the close of trade on Tuesday. The owner of Dow Jones Newswires and…
Share
Barrick Gold stock was trading sharply lower in the US early price action today as gold prices tumbled after the Federal Reserve meeting. Should you buy the dip in Barrick Gold stock? Barrick Gold is the second largest gold mining company globally and like all gold miners, its earnings are sensitive to the movement in…
Share
The S&P 500 added more than 6% to its value on Thursday, with some of America’s biggest banks leading the way. US bank stocks were beaten down in the early stages of the coronavirus crisis, but they making a return. The S&P 500 added 6.2% to finish at 2,630.07. It has gained 17.6% over the past…
Share
BNP Paribas (BNP) stock price is extending the upside momentum after beating fourth-quarter estimates. The bank’s strategy of expanding its foot-prints in European markets is among the biggest contributor to revenue growth in analysts’ view. The market pundits are also showing confidence in its operational efficiencies and cost cuttings. “The beat on capital and earnings…
Share
Private banks across Europe have recorded low profits in about a decade since the great depression of 2008. A report by the McKinsey points out that the dwindling benefits can be attributed to reduced investor inflows, rising costs, and the weakening financial market. Banks from Western Europe declined by 8% to €13.5 billion from €15.4…
