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Paytm plans 10% staff increase in AI pivot, to lay off 400The increase would mark a roughly 10% increase in its headcount that stands at about 40,000 employees. Paytm is also laying off 1% of its s...- Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
- Elevation Capital sells Rs 964 crore Paytm Shares via block dealsOver the past nearly two years, Elevation Capital and AntFin — the financial affiliate of Alibaba Group, have emerged among the biggest sel...
- Elevation Capital offloads around Rs 964 crore worth of shares in PaytmElevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early invest...
- China tech giant Tencent logs 16% jump in annual net profitChinese internet giant Tencent on Wednesday reported a 16 percent jump in full-year net profit, with gaming still its main business driver ...
- Alibaba’s main AI app debuts strongly in effort to rival ChatGPTAlibaba's Qwen app has seen a massive surge, crossing 10 million downloads post-relaunch, signaling a strong contender against OpenAI's Cha...
- Ant Group quarterly profit falls 60% to $663 millionAlibaba said the decrease in profit for Ant Group was mainly attributable to "investments in new growth initiatives and technologies, and t...
- Ant Group quarterly profit falls 60% to $663 millionChinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31,...
- Why Ant Financial is reducing its Paytm stake amid rising geopolitical tensionsChinese fintech giant Ant Financial offloads shares worth Rs 2,200 crore in Paytm amid continued stake reduction. The news triggered a sign...
- Ant Group profit falls 56% amid overhaulAnt is waiting for a financial holding company license, more than two years after authorities torpedoed its planned initial public offering...
- Paytm shares down 9% as Alibaba sells 3% stake in large block dealBSE data showed that a large block deal took place in the second half of the day leading to a spurt in volume by over 19.25 times
- Jack Ma to give up control of Chinese fintech company Ant GroupChina's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adj...
- Alibaba beats revenue estimates on demand for niche China shopping servicesAlibaba's revenues rose 9% to $30.35 billion in the quarter.
- Alibaba slashes sales outlook as competition bites, demand slowsFor the quarter ended Sept. 30, Alibaba earned 11.20 yuan per share on an adjusted basis, missing an average estimate of 12.36 yuan. Revenu...
- Alibaba has lost $344 bn in world's biggest wipeoutAlibaba shares sank from an all-time high that month to a record low three weeks ago in Hong Kong, as Beijing stepped up its scrutiny of th...
- Paytm shareholders approve primary raise of Rs 12,000 crore via IPOPaytm shareholders have also approved the declassification of founder and chief executive Vijay Shekhar Sharma as a promoter to ease compli...
- Where is Jack Ma? Business tycoon MIA since October, name removed from his own show websiteThe 56-yr-old didn't show up for the finale of ‘Africa’s Business Heroes’.
- Ant Group IPO: China's regulators summon Jack MaThe regulators on Monday met with Ant Group's co-founder Jack Ma, executive chairman Eric Jing and chief executive Simon Hu, without elabor...
- Fintech market in India to touch $31 billion in 2020India is the only country in the world with over a billion mobile connections and biometrics, providing enough scope for penetration of fin...
- China leads global investments in fintech followed by India: AccentureInvestments in the APAC region have overtaken North America, which as of 31st July 2016 saw investments worth $4.58bn in fintech.
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