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SoftBank cuts Oyos intrinsic value by $10 billion to $2.7 billion

At a time when the startup is still months away from going public, SoftBank, Oyos largest investor, has reduced the Indian hotel chains valuation to $

At a time when the startup is still months away from going public, SoftBank, Oyos largest investor, has reduced the Indian hotel chains valuation to $2.7 billion, according to a source familiar with the situation. A representative for Oyo claimed that the startup has improved its financial situation recently and that it considers the rumours of a valuation reduction to be untrue. The spokesperson added that there is no rational basis for the markdown. SoftBank opted not to respond. Oyos startup claims that SoftBank owns 45% of the company. Read More..

B2B Tech News | 2 years ago          

Alibaba Cloud commits $1 billion to boost international cooperation

Alibaba announced a $1 billion investment in a global partner ecosystem upgrade. The money will are available in both financial and nonfinancial incen

Alibaba announced a $1 billion investment in a global partner ecosystem upgrade. The money will are available in both financial and nonfinancial incentives, including funding, rebates and gotomarket initiatives. the corporate is consistently recruiting local partners to require on responsibilities like sales, technical support and customer services. Alibaba Cloud currently has around 11,000 partners worldwide, including Salesforce, VMware, Fortinet, IBM and Neo4j. Even earlystage Chinese companies are joining the technological bifurcation.TikTok reportedly moved off Alibaba Cloud and moved all its U.S. data to Oracle servers. The countrys data law bans user data from leaving its borders, that the likes of Apple and Tesla have long been storing Chinese user data in domestic cloud centers. Read More..

B2B Tech News | 2 years ago          

Westpac launches new tools for personal finance on its banking app

Westpacs chief executive Chris de Bruin says new personal finance tools on the banks app will give customers more control over their money. Customers

Westpacs chief executive Chris de Bruin says new personal finance tools on the banks app will give customers more control over their money. Customers will be able to track and categorise their expenses, monitor their monthly income, and receive personalised insights to help them make better financial decisions. The app will also soon offer a carbon footprint tracker to help people make greener spending decisions.More than three quarters of Australians believe digital banking can help them keep a better track of their money, according to a Westpac study.Bruins objective is to expand the digital mortgage to a wider range of consumers. In the long term, he wants to create a bank that offers all services digitally and allows consumers to conduct online transactions independently. Read More..

B2B Tech News | 2 years ago          

Optus warns that Ciberatt may expose Australian customers details

Optus, an Australian subsidiary of Singapore Telecommunications, has announced that it is investigating unauthorized access to customer information. N

Optus, an Australian subsidiary of Singapore Telecommunications, has announced that it is investigating unauthorized access to customer information. Name, date of birth, contact number, number plate accessed in some cases postal address very few. Optus notified the Australian Federal Police of special action after the pursuit. Sign up for todays Cash Technology newsletter for updates on new topics in technology, business and political communications Read More..

B2B Tech News | 2 years ago          

Colombia is asking the Brazilian authorities to implement the Pix instant payment system

As a first step toward implementing Pix in Colombia, the Colombian Fintech Association approached monetary authorities in Colombia and Brazil. Pix is

As a first step toward implementing Pix in Colombia, the Colombian Fintech Association approached monetary authorities in Colombia and Brazil. Pix is the wellknown instant payment model of the Brazilian Central Bank. Pix had over 478 million passwords registered as of July 31, 2022. Also, during a live broadcast, Brazilian President Jair Bolsonaro stated that the Brazilian Pix will be imported by the United States, Colombia, and Canada. Read More..

B2B Tech News | 2 years ago          

Proxima, an insurtech startup, is introduced by MLTPLY.

MLTPLY has announced the launch of Proxima, an insurtech startup that offers insurance companies software to develop and support its staff. The compan

MLTPLY has announced the launch of Proxima, an insurtech startup that offers insurance companies software to develop and support its staff. The company currently operates in Latin America and the US, providing staff augmentation resources in underwriting and technology verticals. Plans to introduce new solutions for customers in 2023, including data collection and analysis, claims operations selfservice tools, and sales support. Camilo Cruz, Founder & CEO of Proxima, said, When I set out to build Unit, one of the first fullstack insurtechs in Latin America, we had to build comprehensive solutions tailored for the insurance industry because they just didnt exist.The company plans to introduce new solutions for customers in 2023, including data collection and analysis, claims operations selfservice tools, and sales support. Read More..

B2B Tech News | 2 years ago          

The FinFET Technology Market is Projected to Expand at a 40.85% CAGR and to Reach a Value of USD 149.01 Billion by 2029

The FinFET Technology Market was valued at USD 35.12 billion in 2021 and is expected to reach USD 149.01 billion by 2029, at a CAGR of 40.85% during t

The FinFET Technology Market was valued at USD 35.12 billion in 2021 and is expected to reach USD 149.01 billion by 2029, at a CAGR of 40.85% during the forecast period. A Qualitative Research Study accomplished by Data Bridge Market researchs database of 350 pages with 100+ market data Tables, Pie Charts, Graphs & Figures.FinFET is a type of 3D transistors or nonplanar transistors used in the design of modern processors. It employs a conductive channel to fabricate a thin, finshaped silicon structure that acts as a gate electrode. Multiple gates can operate on a single transistor thanks to a finshaped electrode. The miniaturization of semiconductor devices to maintain the progression of Moores law, combined with an increase in device performance, is creating ample opportunities for global adoption of FinFET technology. Read More..

B2B Tech News | 2 years ago          

Flutterwave Enables Google Pay for African Businesses

Google Pay, a mobile payment service developed by Google, was launched today as a payment option on Flutterwave, Africas leading provider of payment t

Google Pay, a mobile payment service developed by Google, was launched today as a payment option on Flutterwave, Africas leading provider of payment technology. As a result of this agreement, Google Pay will be an extra payment option for businesses using Flutterwave as a result of this agreement. Customers will benefit from simple checkout processes as well as safe and easy payments thanks to our agreement. Through this partnership, customers of Google Pay in approved nations may make payments to companies using Flutterwave in Africa. This connection is intended to lower the rate of cart abandonment for firms using Flutterwave with an average transaction completion time of 3 minutes. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

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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