Friday, 22 Feb 2019
Category: Business

DoorDash Raises $400M, Hits $7.1B Valuation

In a new funding round led by Dragoneer Investment Group and Temasek Holdings, DoorDash notched a $400 million investment at a valuation of $7.1 billion. Existing investors in the food delivery firm — SoftBank Vision Fund, Sequoia Capital and DST Global — also participated, CNBC reported. While the outlet said the news comes amid “impending” initial public offerings […]

Where Consumers Turn To Personalize Their Card Spending Experiences

Consumers are not only using their smartphones to text and talk, but to manage how they use their credit, debit and prepaid cards. Whether it’s keeping tabs on their dependents’ financial spending habits or managing payments from their mobile phones, consumers are turning to these mobile card services (MCS) to manage their day-to-day finances. In the […]

Digital IDs, Carrying Weight With A ‘Trusted Anchor’

Customer experience is the Holy Grail of commerce — especially for eCommerce. But the ease and speed that consumers demand when transacting online comes with risk, as merchants need to establish identity — in other words, being certain that customers are who they say they are — in a world where buyers and sellers may […]

Alipay Will Charge Fees For Credit Card Repayments

Mobile payment company Alipay is going to start charging a fee of 0.1 percent to customers who use the service to decrease their credit card debt, according to a report in The Wall Street Journal. The move is an effort to handle increasing costs for the company. Alipay, which is based in China, has had to […]

Apple, Alipay Pair On Interest-Free iPhone Financing In China

In an attempt to increase iPhone sales in China, Apple has teamed up with Alipay to give potential buyers a more affordable avenue to buy the phones, according to a report in The Wall Street Journal. Apple is offering up to two years of interest-free financing and a monthly payment option of 24 months. To […]

Former Malaysian PM’s PR Rep Charged In 1MDB Case

The British public relations representative for Najib Razak, Malaysia’s former prime minister, has been charged in absentia in the 1Malaysia Development Berhad (1MDB) scandal, according to a report from Financial Times. Paul Stadlen is accused of laundering about $3.5 million of illicit funds and putting the money into an account associated with the PM that […]

Domino’s Looks To AI, Loyalty And ‘Fortressing’ For More Growth

Loyalty stood as one of the big themes of the 2018 fourth quarter for Domino’s Pizza. Not only did the chain’s Piece of the Pie loyalty program contribute “meaningfully to our traffic gains” during the period, according to CFO Jeff Lawrence, that program is now being fortified by artificial technology — a move that demonstrates […]

Logistics Startup Flexport Lands $1B Investment Led By SoftBank

Global investment firm SoftBank’s Vision Fund led a $1 billion funding round for Flexport, a logistics and freight startup, according to reports. Flexport said it expects that the deal will be finalized in the second quarter of 2019, pending regulatory approval. News of the investment comes 24 hours after the vision fund led a $200 […]

Verizon Plans Rollout Of 5G In 30 U.S. Cities In 2019

Verizon will be bringing its 5G technology to 30 U.S. cities by the end of the year, according to reports. The wireless giant didn’t specify the cities or the method of deployment, but it did say it would include extremely fast millimeter wave radios. “It’s just gonna be a total different experience in speed and […]