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Dominos raises $165 million to buy out German partner after securing deal for two new Asian territories

Dominos Pizza Enterprises is looking to raise $165 million to buy out its German joint venture partner. A $150 million fully underwritten institutiona

Dominos Pizza Enterprises is looking to raise $165 million to buy out its German joint venture partner. A $150 million fully underwritten institutional offer and a $15 million share purchase plan will be used to raise capital. The price of the institutional offer will be determined by a bookbuild that will take place today. Dominos intends to use a portion of the planned $165 million capital raise to pay down debt, which totaled $635 million as of the end of June this year. The group has over 1,400 stores in Europe, accounting for nearly half of its 3,387 stores worldwide. Read More..

B2B Tech News | 2 years ago          

Elon Musk expects Neuralink brain chip to start human trials in 6 months

In six months, according to Elon Musk, human trials for a brain chip should start. Neuralink is creating brain interfaces that, according to the compa

In six months, according to Elon Musk, human trials for a brain chip should start. Neuralink is creating brain interfaces that, according to the company, may allow paralysed individuals to move once again. The devices first two uses on people will be to restore vision and allow for muscle movement. He changed the events initial date from October 31 to just a few days earlier without providing an explanation. Neuralink has a history of missing internal deadlines, including those for starting human studies with the FDA. Read More..

B2B Tech News | 2 years ago          

Mozambique court begins reading verdict in $2 billion hidden debts case

In a case involving 19 people accused of various crimes for their alleged roles in the disappearance of hundreds of millions of dollars in governmentb

In a case involving 19 people accused of various crimes for their alleged roles in the disappearance of hundreds of millions of dollars in governmentbacked loans, a court in Mozambique began handing down its verdict on Wednesday. The 19 were accused of offences ranging from money laundering to bribery and blackmail in connection with a $2 billion hidden debt scam that wrecked the countrys economy. Among them were former state security officials and the son of an expresident. The defendants, who all appeared in court on Wednesday, have all denied wrongdoing. It would probably take five days to read the 1,388page judgment, according to judge Efigenio Baptista of the Maputo City Court. Read More..

B2B Tech News | 2 years ago          

Citystate Travel per Service Asia Business for One Global

Citystate Travel, headquartered in Singapore, has joined the recently created One Global alliance of travel management businesses and will be the part

Citystate Travel, headquartered in Singapore, has joined the recently created One Global alliance of travel management businesses and will be the partnerships exclusive service provider for Asia, according to One Global. Citystate has a long history of working with both World Travel and Clarity Business Travel, the two TMCs that launched One Global last month as an alternative to TMC networks, serving global demands for customers with a singular technological platform but with market exclusivity for participating TMCs. In recent weeks, Travelpath of Ontario and Big Travel of Stockholm were revealed as the groups inaugural partners. Read More..

B2B Tech News | 2 years ago          

StartupOS launches what it hopes to be the operating system for earlystage startups

Paul Pluschkell, CEO and cofounder of MXNet, IXnet, Spigit, Global Center, and Kandy, created StartupOS. Launched today in collaboration with SVB, Sil

Paul Pluschkell, CEO and cofounder of MXNet, IXnet, Spigit, Global Center, and Kandy, created StartupOS. Launched today in collaboration with SVB, Silicon Valley Banks parent company. Access to business tools, assistance, mentors, and investors will be added early next year. The declared purpose of StartupOS is to dramatically increase the overall number of companies. The CEO, COO, and head of business development are all middleaged males with 20+ years of professional experience. 50% of StartupOSs top executives are diverse, including women and minorities. Read More..

B2B Tech News | 2 years ago          

Belgian ranked cycling kicks into high gear with €22m and aims to rethink ebike riding

Classified Cycling, which hails from the same country that produced the greatest cyclist the world has ever known, Eddie Merckx, has secured €22 mil

Classified Cycling, which hails from the same country that produced the greatest cyclist the world has ever known, Eddie Merckx, has secured €22 million in a funding round led by Active Partners, which also included the participation of a number of highly respected Olympiads and World Champion cyclists such as Tom Boonen, Anna Van der Breggen, Andre Greipel, and Marcel Kittel. Classified intends to use the investment to accelerate new product development, including the companys first foray into ebikes, expand the team, and establish new commercial and strategic partnerships globally, with a focus on both European and US markets. Read More..

B2B Tech News | 2 years ago          

Smartphone recommerce startup Badili raises $2.1M in preseed funding

Badili, a smartphone recommerce firm located in Kenya, has acquired $2.1 million in preseed capital. The corporation intends to expand operations in K

Badili, a smartphone recommerce firm located in Kenya, has acquired $2.1 million in preseed capital. The corporation intends to expand operations in Kenya, Uganda, and Tanzania. It handles tradeins and buybacks for major OEMs and phone dealers. Badili is entering the rapidly expanding refurbished and used mobile phone market, which is anticipated to reach $146 billion by 2030. It calculates the value of the gadget using its price estimating algorithm, which takes into consideration a variety of characteristics such as the phones age and model. Read More..

B2B Tech News | 2 years ago          

Iterative launches its second startup fund in Southeast Asia

A Singaporebased venture capital firm that operates a YCstyle accelerator programme announced today that it has raised $55 million for its Fund II. It

A Singaporebased venture capital firm that operates a YCstyle accelerator programme announced today that it has raised $55 million for its Fund II. Its portfolio companies have raised $163 million in additional capital and are valued a total of $1.2 billion. According to Ma, Southeast Asian businesses benefit from strong potential and reasonable valuations. The digital economy of Southeast Asia is estimated to surpass $200 billion this year. Over the next three years, Vietnams online GMV is expected to more than double. Southeast Asia, according to Google, Temasek, and Bain & Company, is less affected by global economic patterns. Read More..

B2B Tech News | 2 years ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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