Square buys Australian fintech afterpay amid “buy now, pay later” trend

Square buys Australian fintech afterpay amid “buy now, pay later” trend

Square plans to buy Australian fintech company Afterpay to further expand into the booming installment loan market.Jack Dorsey's payments company announced the $ 29 billion deal on Sunday evening. The price tag marks a surcharge of around 30% on

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Disney, WarnerMedia and NBCU are struggling to find the right balance between cable and streaming

Disney, WarnerMedia and NBCU are struggling to find the right balance between cable and streaming

Sunisa Lee (Gold) from the USA celebrates the podium on July 29, 2021 at the Ariake Gymnastics Center in Tokyo at the award ceremony of the women's all-around final in artistic gymnastics during the Tokyo 2020 Olympic Games at

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The augmented reality company Nreal is aiming for an IPO within 5 years, says CEO

The augmented reality company Nreal is aiming for an IPO within 5 years, says CEO

SHANGHAI - Nreal, a Chinese company that makes glasses for so-called augmented reality experiences, plans to go public within five years, its CEO told CNBC.“We think this is a really big technology market and we really look forward to

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League of Legends maker Riot Games is “doubling” in China as gaming growth continues

League of Legends maker Riot Games is “doubling” in China as gaming growth continues

SHANGHAI - Riot Games, the maker of the popular League of Legends game, will “double” in China, the company's vice president told CNBC on Friday.The US-headquartered game maker announced a new studio in Shanghai on Friday that will focus

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Uber stocks fall as Softbank plans to sell stocks

Uber stocks fall as Softbank plans to sell stocks

SoftBank is selling about a third of its stake in rideshare Uber, in part to cover losses on its investment in Chinese ridesharing company Didi, two people familiar with the matter told CNBC. It plans to sell 45 million

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Chinese tech giants are grabbing gaming studios around the world

Chinese tech giants are grabbing gaming studios around the world

People play computer games in an internet café in Fuyang, China's Anhui Province.Lu Qijian | Visual China Group | Getty ImagesLONDON - After the US and Japan dominated the gaming arena for decades, China's influence is growing as its

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Europe’s proposed AI law could cost its economy $ 36 billion

Europe’s proposed AI law could cost its economy $ 36 billion

The German Aerospace Center (DLR) is one of the space agencies working on automated and AI farming techniques for the coming era of interplanetary human colonies.DLRLONDON - A new law to regulate artificial intelligence in Europe could cost the

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Indian tech startups are chasing more money as investors avoid Chinese names

Indian tech startups are chasing more money as investors avoid Chinese names

Zomato Food Delivery Partner can be seen on a street in Kolkata, India.Debarchan Chatterjee | NurPhoto | Getty ImagesAt a time when investors are selling Chinese tech stocks, more money is chasing Indian startups.Zomato grocery delivery app stocks rose

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The antitrust authorities instruct Tencent Music to give up the rights to music labels

The antitrust authorities instruct Tencent Music to give up the rights to music labels

Chinese technology company Tencent against the backdrop of the Chinese flag.Budrul Chukrut | SOPA pictures | LightRakete | Getty ImagesThe Chinese antitrust authorities have ordered Tencent to give up its exclusive music licensing rights and fined the company for

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Didi shares fall after report China plans unprecedented penalties

Didi shares fall after report China plans unprecedented penalties

Chinese ride-hailing giant Didi came under renewed pressure on Thursday after a report emerged that Beijing was considering harsh penalties ranging from a massive fine to a forced delisting after its IPO last month.Didi's shares fell more than 10%,

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