Naked Raises Fresh Cash From Naspers
South African insurtech startup, Naked, has raised $ 11m from Naspers. The platform was founded in 2018 by Alex Thomson, Sumarie Greybe and Ernest North.
Go Deeper (2 min read)Fortinet, Cybersecurity Leader
Founded back in 2000 by Ken Xie and Michael Xie, and headquartered in Sunnyvale, California, Fortinet (NASDAQ: FTNT) has grown to become one of the largest automated cybersecurity solutions providers globally.
Go Deeper (7 min read)Invest In China? Today?
The Chinese Government has taken extraordinary measures to keep its tech giants in check. It started with Alibaba and Jack Ma and has now expanded to Tencent, DiDi, Meituan and many other tech leaders.
Go Deeper (2 min read)Robinhood, An Overlooked Opportunity?
The online brokerage began trading at $38 per share, the low end of its range which valued the company at about $32 billion. After dropping as much as 10% Robinhood's market capitalization closed down at $29 billion.
Go Deeper (3 min read)JD, China's e-Commerce Champion
Founded in 1998 by Richard Liu and headquartered in Beijing, China, JD.com (NASDAQ:JD) has grown to become one of China’s largest online retailer. The company has over 500 million annual active customers and has over 1,000 warehouses
Go Deeper (8 min read)More from Business
Didi Gets Slammed
The shares of Didi Global last traded at about $12, well below their initial price of $16.65 on June 30 - a fall in market capitalisation of about $19 billion.
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Zipline Raises $ 250m At A $ 2.75B Valuation
Zipline is vertically integrated, which means it designs and manufactures the unmanned drones, logistics software and the accompanying launch and landing system.
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SoFi, The Next Meme-Stock?
SoFi recently announced that it would allow users to gain access to the initial public offerings of four Palihapitiya-backed Blank Check companies. Is this the next "Meme-stock"?
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JPMorgan Adds To China
The $1.48 billion JPMorgan Pacific Technology Fund is growing its exposure to tech giants whose valuations have been hit by an antitrust crackdown in China.
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WeFox, an insurance technology player based in Germany, raised $650m at a $ 3B valuation. As Lemonade is doing, it seeks to “[tackle] that $5.2 trillion industry that has been stuck in the pre-internet era”.
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Earnings Season Is ON
Offline, value and banking stocks are having their moment in the sun as strong earnings and investor optimism about the re-opening are lifting stocks. However, richly valued tech stocks still fail to reach higher and remain pressured.
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