Indian e-commerce giant has partially spun-out its mobile payments brand PhonePe, selling a stake in the startup to Walmart. The deal, which makes PhonePe $700 million in primary capital, boosts ...
https://www.redherring.com/asia/flipkarts-payments-firm-phonepe-in-partial-spin-out-valued-at-5-5bn/
Social media platform WhatsApp has launched a new feature it hopes will make discourse more truthful. “Search the web” allows users to click on a small magnifying-glass image next to posts sh...
Mobile-only bank Varo Money has raised a $241 million Series D funding round. Gallatin Point Capital and The Rise Fund helped back the deal, which the San Francisco-headquartered firm says will h...
https://www.redherring.com/consumer/upstart-banking-app-varo-money-secures-241m-round/
British telecommunications giant BT has picked Ericsson for core 4G and 5G service contracts, selecting the Swedish firm over Chinese rival Huawei. It follows the January decision by Downing Stre...
https://www.redherring.com/top-story/bt-chooses-ericsson-over-huawei-as-britain-cools-on-chinese-5g/
Governments around the world are increasingly using mobile location data to help fight the spread of coronavirus. South Korea has used cell phone tracking data to create a publicly accessible m...
As services shutter and borders close, the Coronavirus pandemic is changing our way of life. Led by Silicon Valley, America’s companies are increasingly telling employees to work from home to p...
https://www.redherring.com/internet/the-best-tech-for-a-home-office/
The British government has announced plans for a $1 billion (£800m) moonshot tech-funding agency, that it hopes will help the country compete with China and the United States beyond Brexit. Chan...
https://www.redherring.com/europe/uk-outlines-1bn-blue-skies-tech-fund-to-rival-us-and-china/
Several companies have scrambled to offer collaboration and security solutions for employees working from home, as the Coronavirus spread forces increasing numbers to avoid the office. Amazon, Mi...
Twitter has negotiated a truce with the activist investor hedge fund manager Elliott Management, which will see current CEO and co-founder Jack Dorsey remain in charge of the social media company...
https://www.redherring.com/top-story/dorsey-to-stay-as-twitter-and-activist-investor-agree-truce/
An activist investment vehicle led by a billionaire political donor has purchased a stake in Twitter – and plans to “push for changes” including the ouster of Twitter CEO Jack Dorsey, accor...
https://www.redherring.com/top-story/mega-investor-singer-aims-to-oust-twitters-dorsey/