Tag Archives: Companies

Alibaba Group Holding Ltd., has announced pricing for its soon-to-come share listing in Hong Kong. Estimated to have a target to raise $13.8 billion, the company will be selling 12.5 million shares exclusively to retail investors and has pegged it at HK$188 per share. Roughly $24, the sale will easily take its place as Hong Kong’s most expensive initial sale in history.The company plans to sell a total of 500 million ordinary shares in the Hong Kong listing, finally placing its focus on the...

According to a November 14, 2019 press release, Walmart Canada is now embracing the use of blockchain as they will be launching its use for freight tracking and payment info management.And such an initiative is not surprising. Besides cryptocurrency, it’s most famous offering, taking over the world, there has also been the talk of blockchain becoming the next big technology used across various industries and this is for good reason. Blockchain, by its design, creates an irrefutable ledger of...

Compound Finance, a crypto lending and decentralized finance (DeFi) startup has recently raised a massive $25 million in its latest funding round led by venture capital Andreessen Horowitz. This is reportedly one of the largest investments in any DeFi startups to date.Andreessen Horowitz will be pouring money into Compound through its a16z crypto fund. Besides, other investing firms include Bain Capital Ventures, Paradigm, and Polychain Capital.Currently, Compound holds nearly $103 million...

Revolut, the Britain-based digital banking and investing app is currently in discussion with global investors to push its expansion plans. As per the Reuters report, Revolut is planning to raise nearly $500 million as the company plans to expand its operations to Japan and the United States.On Tuesday, November 12, during an interview with Reuters, Revolut CEO and co-founder Nikolay Storonsky said:“We want to raise at least $500 million in direct equity and potentially, maybe at a later...

While blockchain technology is promoting ground-breaking innovations across the spectrum, the sheer number of platforms and complexity in using their services continue to be a roadblock for many users.Mass adoption is very difficult to promote around the world without ease of access for everybody who wants to work in the space. While cryptocurrencies provide everyone with an alternative choice, a mass contact movement is always required to appeal to people and get them in the mood for a real...

In a surprise turn of events, footwear maker Nike has decided to terminate its relationship with technology giant Amazon and it will no longer sell its goods on the retail website of Amazon.In a statement Nike said:“As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail.”“We will continue to invest in strong, distinctive partnerships for Nike with other retailers and...

In one sudden and swift move payments giant PayPal has cut off the thousands of performers on adult behemoth Pornhub that depended on the payment service to receive their payments. The pornographic platform indicated this in a blog post in the help section on the website. They wrote:“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”This, of course, has fundamentally changed the way and manner in which the...

Brave Software, a company co-founded by Mozilla CEO Brendan Eich, has announced the launch of its free open-source browser Brave 1.0. Brave is based on the Chromium web browser and blocks malware ads and website trackers, keeping users’ data safe and secure.It offers the so-called Brave Rewards program that monitors users’ attention on sites they visit and rewards them with the corresponding amount of Basic Attention Token (BAT), based on the total support for each site. Initially, Brave was...

Motorola has announced its next smartphone, a rehash of the much older Razr flip phone series which was initially released back in 2003. The new Razr which is scheduled for release next year will be foldable but unlike its ancestors, will have no buttons.For some, it would seem like phone makers are becoming quite reminiscent of the old days when mobile phones came in more shapes and sizes, with some of them designed as foldable flip phones. In late September, Samsung released its Galaxy...

It has been evident in the last few years that companies within the blockchain, cryptocurrency and fintech space are receiving a lot more institutional backing after years of being rather niche sectors of the business world. This is evidenced by the fact that many more prominent firms are taking on blockchain technology such as MasterCard, Air Canada, Barclays and so on. It is also evidenced by the fact that many private firms such as Facebook and JP Morgan are embracing cryptocurrency and...