Alibaba to Bring Tmall eCommerce Site to Europe
Michael Evans, president of Alibaba Group, announced the intention of the Chinese e-commerce giant to launch its Tmall website in Europe.
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Backbase Acquires Digital Wealth Platform Nucoro
Backbase, a global provider of banking software, has acquired London-based firm Nucoro.
Blackbird.AI Raises $20 Million to Fight Market Manipulation
Blackbird.AI, a company specializing in the analysis of narratives and risks with the help of artificial intelligence, announced that it managed to raise investment funds in the amount of $20 million following the results of the Series B funding round.
Colombia’s Central Bank Chooses Ripple for CBDC Pilot
The pilot project will show whether Ripple’s new end-to-end CBDC platform could help boost Colombia’s high-value payment system
BlackRock Applies for Spot Bitcoin ETF
The largest investment company globally is eyeing the first crypto spot ETF in the United States
New York Bans CoinEx Crypto Exchange
Local regulator banned Hong Kong-based CoinEx from operating in New York and seized over $1.7 million worth of the crypto exchange’s funds
Gaming Startup Wargraphs Sells for $54 Million
Wargraphs, a startup that consists of one person and is developing a popular companion app for League of Legends called Porofessor, was sold for $54 million.
TikTok to Invest Billions of Dollars in Southeast Asia
TikTok, an application for short videos, which is part of the ownership structure of the Chinese company ByteDance, on Thursday, June 15, announced its intention to invest billions of dollars in Southeast Asia over the next few years.
Twitter Faces $250 Million Lawsuit by Major Music Publishers
A coalition of music publishers, which includes Universal Music Corp., BMG, Warner Chapell, and Sony Music Publishing, is suing Twitter over claims against the social network over copyright violations.
Siemens to Invest €2 Billion to Boost High-Tech Plants
Siemens AG will direct investments in the amount of €2 billion to expand high-tech production.
ChrysCapital Invests $100 Million in Lenskart
ChrysCapital has directed investments in the amount of $100 million for the development of the Indian startup Lenskart, which specializes in the production of glasses.
Shopify and Volt Forge Open Banking Partnership
E-commerce company Shopify has announced the beginning of an open banking partnership with Volt.
McKinsey Reveals How Much Work Activity AI Will Replace
The answer to whether generative AI will take your place at work can be found in the new McKinsey study
Visa Launches Africa Fintech Accelerator
The new Visa initiative will support up to 40 Africa’s fintech start-ups and entrepreneurs each year, with training, connections, technology, and investment opportunities
OpenAI Intros New Generative Text Features
OpenAI upgraded models for creating text amid growing competition in the field of generative artificial intelligence.
AI Startup Mistral Raises $113 Million
The French startup Mistral AI has raised investment funds in the amount of $113 million following the results of the initial round of financing.
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