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Report: Alibaba’s Ant Group Plans Hong Kong IPO At $200B+

PYMNTS

Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said. At the time, Credit Suisse and China International Capital Corp. Ant Group was launched in 2014 to provide global financial services.

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India Seizes Control Of Yes Bank, Plans Bailout

PYMNTS

The country’s biggest lender, The State Bank of India , will head a consortium to pump new capital into Yes Bank, which had been struggling to offset a surge in bad loans, Bloomberg reported, citing sources familiar with the matter. . Analysts are concerned the crisis could lead to strains in India’s broader financial system. . “It

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Mollie Is Latest Tech Startup To Attain Unicorn Status

PYMNTS

The $100 million in investment capital marks the second time Mollie has cut a major financing deal, following a $29.5 million injection of capital last year. Founded in 2004 by Mol, an engineer, while he was living in his parents’ house, the company expects to process more than $11.7

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Bestselling Author J.D. Vance Teams Up With Peter Thiel, Others On VC Fund

PYMNTS

Vance, who penned the popular memoir “Hillbilly Elegy,” has started a VC fund called Narya Capital, according to a report Thursday (Jan. Vance and Thiel previously worked together on a fund that was called Mithril Capital. From 2004 to 2018, the amount of cash to both places tripled. Bestselling author J.D. 9) by Bloomberg.

New York 100
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Virgin Galactic To Become First Listed Human Spaceflight Company

PYMNTS

Special-purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. The spaceflight company sees the arrangement as providing it with sufficient capital for funding until the time its spaceships have the ability to operate commercial and churn a profit.

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First Round Capital Teardown

CB Insights

Founded in 2004, First Round Capital has quickly become an eminent venture capital firm by spotting future unicorns such as Uber, Square, and Blue Apron. A key factor to their success is in their post-investment support system, through which founders and companies … Continued.

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BoA Pledges $100 Million To Tory Burch Foundation For Women’s Business Loans

PYMNTS

Bank of America has pledged $100 million to the Tory Burch Foundation to make capital available to women in the business sector who might not otherwise have access to it, according to reports. I launched our business in 2004. I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising.

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