Bloomberg

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)-backed Indian delivery start-up Dunzo Digital Private Ltd, aims to double its capital to extend its presence and become a $1 billion revenue business in the next two years, Bloomberg reports. The company intends to capitalize on the...

Indonesian ride-hailing company Gojek and e-commerce company Tokopedia finalized their merger terms and sought investor approval for a possible deal completion by summer, Bloomberg reports. The companies had discussed multiple scenarios to list the combined entity in Jakarta and the...

Facebook Inc (NASDAQ: FB) partnered with Ravenswood Family Health Centre to convert part of its Menlo Park, California, headquarters into a vaccination clinic for under-served communities, Bloomberg reports. Facebook planned to arrange vaccine rides to and from Facebook’s...

Indonesian travel unicorn Traveloka is in advanced talks for public listing via special purpose acquisition company (SPAC) merger with billionaires Richard Li and Peter Thiel sponsored Bridgetown Holdings Ltd (NASDAQ: BTWN) in a deal worth $5 billion, Bloomberg reports. The...

A Muslim American advocacy group known as Muslim Advocates filed a lawsuit against Facebook Inc (NASDAQ: FB) in Washington for the violation of local consumer-protection law due to its failure in tackling anti-Muslim abuse, seeking monetary damages, and a court declaration regarding...

Amazon.Com Inc (NASDAQ: AMZN) has empowered Indian exports of $3 billion and created over a million local jobs since its decade-old operations in the nation, partly aided by the pandemic-induced demand for online shopping beyond smartphones and fashion, despite rising competition from...

Twitter Inc (NYSE: TWTR) recently held unsuccessful talks with audio-based social media app Clubhouse for a buyout with a potential valuation of roughly $4 billion, Bloomberg News reported on Wednesday. What Happened: The acquisition discussions between the two companies have reportedly stalled...

LumiraDx, a UK-based provider of point-of-care diagnostics, including COVID-19 tests, has withdrawn its initial public offering plans. It had planned to list on the NASDAQ under the symbol LMDX. It initially filed an IPO prospectus in January this year with a proposed deal size of $...

Analysts from Bloomberg have found that Tesla Inc's (NASDAQ: TSLA) allocation towards Bitcoin may have been an inflection point in favor of the leading cryptocurrency. What Happened: “The rule of money flowing to where it's treated best appears to be an enduring...

Indian social commerce start-up Meesho Inc has raked $300 million in a fresh funding round at a $2.1 billion valuation led by Japanese firm SoftBank Group Corp (OTC: SFTBF) (OTC: SFTBY)’s Vision Fund 2, Bloomberg reports. Other investors included Prosus...

Indonesian courier company J&T Express is planning to raise over $1 billion from a U.S. initial public offering (IPO) as soon as the fourth quarter, at a $5 billion valuation, becoming the first Indonesian firm to list in the U.S. since 2019, Bloomberg reports. The company is...

Thrasio, a start-up company the rolls up popular Amazon.Com Inc (NASDAQ: AMZN) marketplace brands, has usurped JC Penney Co Inc’s (OTC: JCPNQ) CFO Bill Wafford, who was appointed to salvage JC Penney’s lossmaking position, Bloomberg reports. The...

Taiwan Semiconductor Mfg Co Ltd (NYSE: TSM) is targeting a $100 billion outlay over the next three years for the manufacturing and R&D of advanced semiconductor technologies to tap the semiconductor industry boom, Bloomberg reports. TSM previously announced a $28...

The global chip crisis, which was intensified by the February Texas winter storm, is expected to affect carmaker production by 1.3 million vehicles this quarter, Bloomberg reports based on IHS Markit Ltd (NYSE: INFO). The latest fire at auto-chip maker Renesas...