Thursday, 21 Feb 2019
Category: Business

FinTechs Led Personal Loan Market Last Year

FinTechs, not traditional banks, appear to be preferred method of taking out unsecured personal loans in the U.S., with the market hitting an all-time high last year. That’s according to TransUnion, which – as CNBC reported – released data on Thursday (Feb. 21) about the personal loan market in 2018. The unsecured personal loan market […]

Global Smartphone Shipments Fell Flat In Fourth Quarter

The fourth quarter saw global shipments of smartphones stall, with unit growth of just 0.1 percent compared to the fourth quarter of 2017. That’s according to Gartner, which said in a press release on Thursday (Feb. 21) that Apple suffered the worst quarterly decline since the first quarter of 2016. During the fourth quarter, Apple […]

Facebook CEO Meeting With UK Officials Over Fake News, Regulation

Mark Zuckerberg, the chief executive of Facebook, is holding meetings with U.K. officials on Thursday (Feb. 21) to discuss fake news and new internet regulations. According to a report in CNBC, citing the social media giant, Zuckerberg will meet with the UK Culture Secretary Jeremy Wright at Facebook’s U.S. headquarters to discuss how the U.K. […]

Logistics Startup Lalamove Goes Unicorn With $300M Investment

Lalamove, an on-demand delivery and logistics startup based out of Hong Kong, has raised $300 million in a Series D funding round, which brings its valuation to $1 billion or more, granting it unicorn status, according to reports. The company was launched in 2013 by Stanford grad Shing Chow, and it provides services in the […]

Banco BTG Pactual To Raise Millions Via Security Token Offering

An investment bank located in Brazil is raising millions of dollars via a security token offering, as reported by CoinDesk. According to the report, Banco BTG Pactual said in an announcement on Thursday (Feb. 21) that the offering will be backed with distressed Brazilian real estate assets. The firm is aiming to raise $15 million […]

Trump Urges US Telecoms To ‘Step Up’ 5G Efforts

President Donald Trump told U.S. companies that they need to work harder to build 5G networks, and that they should lead by competition — not by blocking other companies, according to reports. “American companies must step up their efforts, or get left behind,” Trump tweeted on Thursday (Feb. 21). “There is no reason that we […]

Amazon’s Healthcare Plans Include Insurance, AI Utility

Ever since Amazon turned its gaze to healthcare, questions about the eCommerce operator’s plans and intentions have outnumbered answers. That’s still true, and may remain so for the time being, but this week new details emerged that, at the least, is shedding light on Amazon’s healthcare vision. Okay, enough teasing. Here’s the scoop, courtesy of […]

For The Fed, It’s Hurry Up And Wait On Rates

Conventional wisdom coming into this past week held that the Federal Reserve would raise rates at least twice this year. But the conventional wisdom may be stood on its ear, at least when it comes to interest rates. One tell comes from the minutes taken at the Federal Reserve’s most recent meeting, which in turn […]

Hello TransTech Takes On Didi Chuxing In China Ride-Hailing

Hello TransTech, the Chinese ride-hailing startup formerly known as Hellobike, is launching a carpooling service this week, on the heels of a test that ran for roughly a month. According to reports, the entrance of Hello into China’s carpooling market pits it against Didi Chuxing, the leading ride-hailing company, which – under the direction of […]

Turning Fashion By The Numbers Into A Billion-Dollar Business

Since its founding in 2011, Stitch Fix has had a difficult challenge: how to ship customers clothing that matches both their size and taste preferences once a month, without the client ever having to be present for a measurement or inventory check. The simple answer, is data (of course) but in Stitch Fix’s case there […]