Wednesday, September 23, 2020
Software firm Oracle Corp. and retail corporation Walmart Inc. recently announced their plan to invest in TikTok Global, Bloomberg reported. When combined, the two companies will hold 205 of the social media entity. The firms will acquire the shares during...
Investment platform Groww announced a $21.4 million funding led by venture capital firms Ribbit Capital, Sequoia India, and Y Combinator. The investment app targets millennials and earlier generations to invest in commission-free mutual funds. Groww, a three-year-old startup attracted about...
IKEA stores owner Ingka Group pledges to make a €600 million investment (approximately $712 million) towards meeting its sustainability goals over the next 12 months. The investment comes as Ingka Group gears itself to meet the Swedish furniture maker’s...
Google Cloud is slated to invest $100 million into telehealth provider Amwell following its initial public offering (IPO) filing with the Securities and Exchange Commission (SEC) on Monday, August 24, 2020. The news comes after Teladoc and Livongo teamed...
State-owned investment organization Temasek easily becomes one of the largest shareholders of management firm BlackRock following a purchase of another 3.9 percent shares worth $3.5 billion. The Singapore-based company was among the huge players who went after the $14 billion...
HSBC analysts recently released cautionary announcements over the possible risks of getting JBS investments said The Guardian. The warning came after a series of claims that the world’s largest meat company is involved in deforesting the Amazon for its...
Grab continuously explores the consumer market, launching on Aug. 4 its new micro-investment and pay-later programs for consumers. The company now added a suite of consumer products including health insurance, and loans, available on its Grab platform. Consumers can access...
Frankfurt-based Deutsche Bank announced Monday, July 27, 2020, its decision to halt its investment schemes in oilsands projects and other fossil fuel projects. The bank’s decision follows an increasing list of European lending and insurance firms steering clear of...
Swedish kit vendor Ericsson secured the deal with Japan’s SoftBank for adding a dual-mode 5G Core to 5G RAN. The company is deploying a cloud-native, dual-mode core to support SoftBank’s 5G standalone offer, providing capabilities to use the network in...
US 5G giant Qualcomm has become the latest backer of India’s Jio Platforms, adding to the list of other big-name investors that have injected millions in the four-year-old company. On Sunday, July 12, Qualcomm announced it will invest $97 million...

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