Tokopedia has garnered $1.1 billion from its latest funding round wherein it was valued at $7 billion. Tokopedia, an Indonesian e-commerce company, stated it has secured $1.1 billion from its latest funding round which was led by Japan’s SoftBank Group Corp and China’s Alibaba Group Holding Ltd. This investment follows a similar trend from last…
The strategic decision comes a day before Black Friday and the crucial holiday shopping season in the U.S. On Thursday, Amazon.com Inc, the world’s largest online retailer, stated it would no more block Australian shoppers from accessing its U.S. site. The development comes midst a customer backlash in the world’s 12 biggest economy. Australian shoppers…
Computers belonging to the state government of Alaska, including the local ISP, the governor’s office, the Alaska Department of Natural Resources, etc were extensively scanned by hackers from China’s Tsinghua University, reads a report by cyber security firm Recorded Future. As per a cyber security research firm Recorded Future, hackers operating from an elite Chinese…
The ongoing battle between Comcast Corp and Walt Disney Co over control of Tata Sky, an Indian pay TV network, as part of their fight for Twenty-First Century Fox Inc, is indicative of the growth potential of the country’s more than 1 billion viewers. Upping the stakes against its peer, Amazon Prime, Netflix Inc premiered…
Despite global trade tensions heightened consumer demand, in the form of e-commerce, is lifting the profit margins of air freight carriers. In a move that defies rising global trade tensions, e-commerce has become a driving force for air freight business thus significantly boosting the profit margins of many major airlines. According to the International Air…
Mick Mulvaney, U.S. President Donald Trump’s pick to lead the CFPB intends to invalidate the payday rule asap. In a significant development, a leading trade group for small-dollar lenders has asked a federal court to block rules that are meant to shield consumers from predatory loans. As per rules issued in November 2017 by the…
The results of the survey is in sharp contrast to official data released by Britain. On Monday, in sharp contrast to downbeat official data released last weak by Britain, the country’s services sector reported its first rise in profits in more than two years. According to the Confederation of British Industry, the volumes and the…
This is the largest spending plan announced by any firm following the historic Republican-led revision of the U.S. tax bill. Following the successful passing of the U.S. tax bill which introduces deep tax cuts for corporates, Apple Inc stated it will open a new campus, as part of a five-year $30 billion U.S. investment plan,…
French President Emmanuel Macron is on target to meet the euro zone’s public sector deficit target of below 3% of France’s GDP. On Friday, French finance minister Bruno Le Maire stated that he will not introduce any new taxes during the French President Emmanuel Macron’s five-year mandate which runs upto 2022. The sizable housing tax,…
With tightening sanctions, China’s ally, North Korea, is increasingly banking on cryptocurrencies to infuse cash into its economy. In a development that marks the latest signs of North Korea’s search for ways to infuse its economy with cash, a California-based cybersecurity firm disclosed that it has come across software code that appears to install code…
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