SumUp, a rival to Jack Dorsey’s Block, defies fintech funding slump with $307 million cash injection
Payments startup SumUp, known for its tiny card readers, announced it has raised $306.6 million in a round valuing the company north of $8.6 billion.
Nearly two-thirds of the world’s top cities to visit are on one continent
Euromonitor International names Paris as the world’s top city to visit on its 2023 “top 100 city destinations” list.
Hong Kong ‘patriots only’ election falls flat with record low turnout
All candidates were required to undergo national security background checks and secure nominations from two pro-government committees.
TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business
Under the deal, TikTok will buy 75.01% of GoTo’s PT Tokopedia for $840 million and inject TikTok Shop’s Indonesia business into the enlarged Tokopedia entity.
Japan’s prime minister looks to ‘restore trust’ amid fundraising scandal
Kishida decided to replace four ministers and 11 ministerial positions in his cabinet as a scandal over alleged undisclosed funding fueled public disapproval.
Japanese tech giant Rakuten plans to launch proprietary AI model
Rakuten CEO Hiroshi Mikitani said the company is planning to launch its own large language model.
Fenway moves forward in final talks to invest in PGA Tour’s Saudi deal
The deal between the PGA Tour and Saudi Arabia’s PIF is due to be finished by Dec. 31.
China’s livestream shopping is booming, fueling new tech such as avatars and AI
Livestreaming is cementing itself as a growing sales channel in China, driving new tech products such as virtual human streamers and mobile data packages.
Analysts love this self-driving car tech stock and give it over 400% upside
The tech company already has five major partnerships in the pipeline, including with automakers BMW, Volkswagen and an unnamed Asian auto giant.
Looking for alternatives to Nvidia? Futurum CEO names 3 he’s bullish on for 2024
Nvidia made a splash in 2023, given the artificial intelligence buzz. But it’s not the only one worthy of mention — Daniel Newman names his top picks for 2024.
