Ant Group’s Jack Ma further retreats from his tech empire

Chinese billionaire and Ant Group’s founder Jack Ma is ceding control of the fintech giant, the company announced on Saturday (Jan. 7). The Ant Group is an affiliate company of the multinational technology company Alibaba Group, also founded by Ma. Ant operates China’s mobile payment app Alipay, the world’s largest, which has more than 1 billion users. Prior to the change, Ma

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Brazil’s CloudWalk set to launch blockchain

Brazilian fintech CloudWalk is set to launch its own blockchain, a ledger that records cryptocurrency transaction and operations. The goal, which is already being met, is to escalate the business. With its own network, it can handle 500 transactions per second – 70 times more than before, when it was based on blockchain platforms such as Ethereum and Polygon. Luis Silva, founder

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India’s EdTech LEAD enters the Unicorn club

LEAD, India’s foremost player in the School EdTech category, has raised US $100 million in a new funding round, dubbed a Series E round. The Series E funding round was led by returning investor WestBridge Capital and global Ventrure Capital fund GSV Ventures, making this one of their largest EdTech investment to fuel the company’s ambitious vision of transforming core schooling in India with tech-integrated

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Cox Energy America initiates process to dual listing

Mexico-based Cox Energy America, the first photovoltaic solar energy company to be listed on a Latin American stock exchange, officially begins listing its representative shares of the company’s share capital in the Spanish market. The listing process will be in the BME Growth, a sub-market of Bolsas y Mercados Españoles (BME), It is a platform that allows growing small and medium-sized (SMEs)

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Telecom Egypt sees net profit, revenue soar

Cairo-based Telecom Egypt posted net profit of EGP 3.9 billion ($249.20 million) for the first half of 2021, surging by 88% year-on-year. Total consolidated revenue stood at EGP17.4 billion in the period, up 16% year-on-year. The Arab country’s primary telecommunication company attributed this growth in net revenue to the steady operational performance, foreign exchange gains, and higher investment income from Vodafone. In

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BILD owner Axel Springer acquires Politico

German media conglomerate Axel Springer has agreed to buy the US-based  political journalism company Politico. The companies did not disclose a price for the deal, but American media reported Politico sold for about $1 billion citing people familiar with the matter. The deal includes Politico, Politico Europe and Politico’s tech news site, Protocol  launched in 2020. Subject to regulatory approval, the deal is expected to take

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BNSF Logistics gets cargo security award

Texas-based BNSF Logistics, LLC, a leading multi-modal, third-party logistics company, received the CargoNet 2020 Best in Cargo Security Award, in a year marked by historic disruptions to supply chains and the flow of goods worldwide. BNSF Logistics’ industry-first Risk Analysis Program (RAP) ensures high-risk shipments are well-protected through transit. The RAP analyzes customer shipments to determine the overall potential risk, reducing theft

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