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Prosus completes acquisition of BillDesk in India for $4.7 billion

Prosus has withdrawn its $4.7 billion acquisition of BillDesk, announced last year. The allcash acquisition, announced during the market last year, wi

Prosus has withdrawn its $4.7 billion acquisition of BillDesk, announced last year. The allcash acquisition, announced during the market last year, will be the second largest M&A transaction in the consumer internet segment in South Asia. As the market changed in the last quarter, many promising deals were made around the world. The move came as a surprise to BillDesks founders and investors, according to three sources familiar with the matter. It is unclear whether Prosus and BillDesk have agreed to a cancellation fee. BillDesk is backed by Visa, Temasek, General Atlantic, and several Indian banks. Read More..

B2B Tech News | 3 years ago          

After having its assets frozen in India, Chinas Xiaomi promises to preserve its economic interests

On Sunday, October 2, Chinese smartphone maker Xiaomi Corp said it was disappointed with an Indian court judgement that frozen US$682 million in its a

On Sunday, October 2, Chinese smartphone maker Xiaomi Corp said it was disappointed with an Indian court judgement that frozen US$682 million in its assets and will keep defending its rights. An Indian appellate authority confirmed on Friday that the Enforcement Directorate, Indias federal financial crime fighting agency, had the right to seize 55.51 billion rupees in April after an investigation revealed Xiaomi had sent illegal payments to foreign organizations while misrepresenting them as royalties. According to Xiaomi, Qualcomm Group received a royalty payment of more than 84% of the 55.51 billion Indian rupees that the Enforcement Directorate seized earlier this year. Read More..

B2B Tech News | 3 years ago          

IIIT Hyderabad, Silicon Labs launches WiSUN network for Smart City projects 

WiSUN is an openstandard protocol that enables interoperable solutions with multilayer security using opensource software. It will allow utilities, mu

WiSUN is an openstandard protocol that enables interoperable solutions with multilayer security using opensource software. It will allow utilities, municipalities, and other businesses to build longrange, lowpower wireless mesh networks that connect thousands of IoT nodes. The campus of IIITH is made up of sensor networks that monitor many sectors such as water, energy, air pollution, solar power, and so on. The WiSUN Smart City Living Lab at IIITHyderabad has opened its doors. The lab will convert all 100 campus lamps to smart streetlights in order to provide a dense and consistent network for additional sensors such as energy meters, interior installations, and so on, everywhere on campus.  Read More..

B2B Tech News | 3 years ago          

Top 15 StartUps in Singapore

Fintech, education, and healthcare startups led the list of Singapores LinkedIn Top Startups 2022. Financial technology startups dominate the Singapor

Fintech, education, and healthcare startups led the list of Singapores LinkedIn Top Startups 2022. Financial technology startups dominate the Singapore list, accounting for more than half of the top 15, followed by health care and edtech firms, said Adrian Tay, senior editor in Asia for LinkedIn News. This reflects the modern desires of Singaporean consumers, who want to manage their wealth, want more convenient healthcare services, and need services to cater to the ageing population, and also investing in their childrens future with appropriate education tools and resources. While these are difficult times, others claim that uncertainty breeds inventive ideas, according to LinkedIn. Financial Endowment Industry.  Read More..

B2B Tech News | 3 years ago          

Over €2.2 billion was invested in European tech last week, Satispay became Italys second unicorn, and Ryan Reynolds invested in Bending Spoons

Last week we monitored more than 105 technology financing deals worth over € 2.2 billion and over 20 releases, mergers and acquisitions, rumors and

Last week we monitored more than 105 technology financing deals worth over € 2.2 billion and over 20 releases, mergers and acquisitions, rumors and related news across Europe. As a paid subscriber, you are in the elite club with exclusive access to our results. While we tend to share this information in real time on Twitter and Insta the much more fun option, it would be difficult to keep track of. Trust us, we know. Its a challenge we face every single week, so you dont have to. Read More..

B2B Tech News | 3 years ago          

Zambias Ability to Develop Rail Commerce with Its Neighbours 

The president of PMRC, Zambias national railroad, is seeking collaborators. Zambia has a weak infrastructure, old locomotives, and a lack of funding.

The president of PMRC, Zambias national railroad, is seeking collaborators. Zambia has a weak infrastructure, old locomotives, and a lack of funding. Zambia should be able to expand commerce with its neighbours thanks to the African Continental Free Trade Area AfCFTA. Zambias ability to develop rail commerce with its neighbours should be made possible by the African Continental Free Trade Area AfCFTA. Zambia has a weak infrastructure, old locomotives, and a lack of funding. Partnerships between the public and commercial sectors can be quite useful in this situation.  Read More..

B2B Tech News | 3 years ago          

South Korea approaches a staggering $ 10 billion in defense exports thanks to sales of howitzers, fighters and missile systems 

According to reports, South Koreas defense exports have increased due to the countrys defense industrys capacity to manufacture a range of military eq

According to reports, South Koreas defense exports have increased due to the countrys defense industrys capacity to manufacture a range of military equipment that are tailored to specific security problems. Nevertheless, because to its security alliance with the US and its greater attention to expanding its economy after the war, South Korea did not take any steps to enhance its defense industrial base.  Read More..

B2B Tech News | 3 years ago          

Termination of the BillDesk sales contract

After a few prerequisites were not satisfied, Naspers proposed acquisition of BillDesk will not proceed. Naspers is committed to growing its internet

After a few prerequisites were not satisfied, Naspers proposed acquisition of BillDesk will not proceed. Naspers is committed to growing its internet and ecommerce businesses in India and the Indian market. Since 2005, the group has made close to US$6 billion in investments in Indian technology firms. In South Africa, Naspers has secondary listings on the A2X Exchange in addition to its primary listing on the Johannesburg Stock Exchange NPN.SJ. Takealot, Mr. D. Food, Superbalist, Autotrader, Property24, PayU, and Media24, South Africas top print and digital media company, are a few of these. Read More..

B2B Tech News | 3 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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