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Pakistani Bank Teams With Alipay for Blockchain Remittances

Pakistani Bank Teams With Alipay for Blockchain Remittances Pakistan-based Telenor Microfinance Bank, a subsidiary of Norwegian telecoms multinational Telenor Group, has launched cross-border payments using blockchain technology from payments firm Alipay. Claiming it as Pakistan’s first blockchain-based international remittance service, the bank announced Tuesday that the product is a joint effort …

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TikTok parent ByteDance sues Chinese news site that exposed fake news problem – TechCrunch

TikTok parent ByteDance sues Chinese news site that exposed fake news problem – TechCrunch There’s worrying news from China’s online media world as ByteDance, the $75 billion company behind popular video app TikTok is taking a news site to court for alleged defamation after it published a story about ByteDance’s …

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African fintech startup Jumo raises $12.5M more to fund Asia expansion – TechCrunch

African fintech startup Jumo raises $12.5M more to fund Asia expansion – TechCrunch Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and …

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Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy – TechCrunch

Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy – TechCrunch Southeast Asia is a growing digital marketplace and increasingly a focus for startups across the world but there haven’t been many exits. So it’s notable, then, that struggling Chinese discount e-commerce service LightInTheBox has closed its acquisition of …

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Free societies face emerging, existential threats from technology – TechCrunch

Free societies face emerging, existential threats from technology – TechCrunch Bilal Zuberi is a partner at Lux Capital, and is on the boards of Evolv Technology, CyPhy Technologies, and Nozomi Networks, among others. Silicon Valley is currently, and correctly, under fire for the failure of leading platforms such as Facebook, …

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Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion – TechCrunch

Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion – TechCrunch Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors …

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