global

Mary Ann Azevedo / TechCrunch: London-based Pento, which offers payroll services for SMBs, raises a $35M Series B led by Tiger Global and Avid Ventures, after raising a $15.6M Series A in May — One of the biggest pain points for any business, but especially SMEs, is managing payroll. — A...

One of the biggest pain points for any business, but especially SMEs, is managing payroll.A startup that has built payroll automation software to make the process less painful, Pento, has raised $35 million in a Series B round of funding co-led by Tiger Global Management and Avid Ventures...

Falcon Edge Capital, the New York-headquartered investment firm, has closed the first tranche of its new $10 billion fund and is rebranding as Alpha Wave Global, a source familiar with the matter said.Once the new fund — which is called Alpha Wave Ventures II — has completely closed, Alpha...

Alistair Gray / Financial Times: GroupM: global ad revenue will reach $763B in 2021, up 18.7% from 2019; Alphabet, Meta, and Amazon control 80-90% of the digital ad market outside China — Alphabet, Meta and Amazon have doubled their share of ad revenues in past 5 years, industry estimates

Reuters: Didi Global says it will begin the process of delisting from the NYSE and listing on the Hong Kong stock exchange — Chinese ride-hailing giant Didi Global (DIDI.N) said on Friday it will start work on delisting from the New York stock exchange and begin pursuing a listing in Hong Kong...

Meta’s (formerly, Facebook’s) experimental app division, the NPE team, is shifting gears. The group, which first launched in mid-2019, has been focused on building consumer-facing apps that would allow the company to test out new social features and gauge people’s reactions.Over the years, the...

Elizabeth Dwoskin / Washington Post: In its end-of-year threat report, Meta says it took down several global disinformation networks, including anti-vaccine groups and groups linked to state actors — The takedowns described in the company's latest threat report demonstrate how the...

Aisha Malik / TechCrunch: Vancouver-based Klue, which uses data to help companies improve sales, raises a $62M Series B led by Tiger Global, following a $15M Series A in September 2020 — Klue, an AI-powered competitive enablement platform, has raised $62 million in Series B funding led by...

Klue, an AI-powered competitive enablement platform, has raised $62 million in Series B funding led by Tiger Global, with participation from Salesforce Ventures. The Vancouver-based company combines intel collection capabilities with a modern approach to content distribution aimed at providing...

Rebecca Bellan / TechCrunch: CloudTrucks, which helps truck operators manage cash flows, insurance, and more, raises a $115M Series B led by Tiger Global, bringing its funding to $142M — CloudTrucks wants to use technology to help trucking entrepreneurs operate their business: The...

Dominic Powell / The Age: Melbourne-based Mr Yum, which lets diners order food and drink using QR codes, raises a $65M Series A led by Tiger Global — Normal text sizeLarger text sizeVery large text size — QR code food ordering platform Mr Yum has tied off a star-studded $89 million capital...

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The second annual Sight Tech Global happens this week, on December 1-2, and this free, virtual event is incredibly packed with insights about how rapid advances in technology are fostering an accessibility revolution for people who are blind or have low vision. Register today.All the sessions...

QR code ordering at restaurants has been around for years, but the pandemic increased its adoption as social distancing and hygiene measures went into place. Mr Yum, a Melbourne-based mobile ordering and payments platform that was founded in 2018, announced today it has raised a $65 million USD...

Rajan Bajaj, founder of fintech Slice, chimed in on a Twitter thread earlier this year and wondered aloud what he needs to do to turn his startup into a unicorn before he turns 30.At just 28, Bajaj has figured it out.Slice, which was valued at under $200 million in a financing round in...

Jiyoung Sohn / Wall Street Journal: Gartner: global chip makers are projected to spend $146B this year, about 50% higher than before the pandemic and double the amount five years ago — Samsung's $17 billion bet on Texas mirrors large spending increases in Asia and elsewhere —...

Bloomberg: Sources: Chinese regulators asked Didi Global's management to devise a plan for delisting from the NYSE over concerns about leaking sensitive data — - Regulators asked Didi brass to devise a plan to go private — Forced delisting will be severest action against China Tech

A top Federal Reserve official signaled skepticism toward adopting coordinated interest-rate policies among major central banks in remarks prepared for delivery at a conference on Friday.

A week before Thanksgiving, a liquor store in Maryland awaits its order of Ardnamurchan single malt, underscoring the world’s shipping woes.