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Blockchain start-up Block.one raised $4 billion

A Cayman Islands start-up has raised $4 billion as of Thursday, eclipsing the world’s biggest initial public offerings on stock exchanges this year. But its flagship product is not even live yet. Headed by 31-year-old Hong Kong-based CEO Brendan Blumer, Block.one is funding its blockchain platform called eos.ios through a process known as an initial… Read More »

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PayPal acquires AI predictive retail startup Jetlore

On Teusday, Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. Jetlore, which was founded in January 2011 by students from Stanford University’s computer science program, leverages machine learning to deliver “personalized” experiences from retail chains like Uniqlo and Nordstrom Rack. The startup’s… Read More »

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Amazon leads $12 million Funding for Insurtech Startup Acko

  Global ecommerce giant Amazon has led a $12 million funding round in online-only insurance startup Acko.  Ashish Dhawan, the founder of private equity firm ChrysCap, also participated in the round along with Catamaran Ventures, the personal investment arm of Infosys co-founder NR Narayana Murthy. Acko already has backers like Catamaran Ventures, Hemendra Kothari of DSP Blackrock and… Read More »

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$220m Uber deal is off, says Singapore’s ComfortDelGro

Taxi giant ComfortDelGro Corp and ride-hailing firm Uber have agreed to dissolve the  strategic agreement that they entered into last December. Both companies entered into the agreement with ComfortDelGro agreeing to pay S$295 million ($220 million) for the stake in Uber subsidiary Lion City Holdings Pte Ltd. In a statement on Friday (May 25), ComfortDelGro… Read More »

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Estonian entrepreneurs’ community Lift99 raises USD2.3 million to help startups grow

Lift99, an Estonian invite-only entrepreneurs’ community, has raised USD2.3 million to develop a “founders to founders” skillsharing platform. According to Lift99, the platform in development “will transform the way startup entrepreneurs share their expertise and learn”. The investment round was led by Taizo Son, the founder of Mistletoe, a Japanese “startup studio”, and of a… Read More »

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Facebook, Google face first GDPR complaints worth $8 billion

Europe’s new privacy framework, the General Data Protection Regulation (GDPR), is now being applied — and long time Facebook privacy critic, Max Schrems, has wasted no time in filing four complaints relating to (certain) companies’ ‘take it or leave it’ stance when it comes to consent. The Austrian lawyer’s non-profit organization NOYB filed complaints against Google,… Read More »

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