Rival to Jack Ma’s Ant Seeks Pre-IPO Funding at $3 Billion Value
LianLian DigiTech, a rival to Jack Ma’s Ant Group Co., is in talks to raise as much as 1.5 billion yuan ($223 million) ahead of…
Category: Technology
Canoo Shares Double on Walmart Order for 4,500 Electric Vans
Canoo Inc. shares doubled in value after the struggling electric-vehicle startup won an order for 4,500 vans from Walmart Inc. The deal announced in a…
Carlyle to Sell Unison Software to Buyout Firm Madison Dearborn
Madison Dearborn Partners is acquiring a majority stake in software company Unison Software Inc. from fellow private equity firm Carlyle Group Inc. Carlyle is keeping…
Amazon’s Cloud Unit Is What’s on Sale This Prime Day
Amazon.com Inc.’s Prime Day may grab headlines, but investors are much more focused on its fast growing cloud-computing and advertising services businesses. The two-day shopping…
UK Health App Babylon Plans Job Cuts in Bid to Slash Costs
Health tech company Babylon Holdings Ltd. is in talks to cut about 100 jobs across its global business as part of a plan to reduce…
Online US Inflation Slowed in June But Food Prices Hit New High
The inflation rate for goods purchased online in the US slowed sharply last month, according to the Adobe Digital Price Index, though there was no…
Tencent Fails to Win Game Approval as Sector Concerns Persist
China approved its third batch of new games this year, but Tencent Holdings Ltd. again failed to make the list, which traders watch to gauge…