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Uber Buys Dubai Ride-Hailing Unicorn Careem For $3.1B

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Regional 188
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Uber Launches Uber Works To Connect Workers To Gig Jobs

PYMNTS

Founded in 2012, the ride-hailing unicorn – which is valued at over $1 billion – was the premier tech startup in the Middle East and North Africa. Although the startup will be a wholly-owned Uber subsidiary, Careem will continue to operate under its own brand, the news outlet reported. Uber paid $3.1 billion to take ownership.

Chicago 139
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More Than One-Quarter Of Amazon Merchant Sales Cross Borders

PYMNTS

and that since 2012, it has shipped more than 12 million units via Fulfillment by Amazon (FBA) through the company’s encouragement. Alibaba, the leading eCommerce player in China which sells products from brands residing in 63 countries and regions, has recently been branching into the U.S.

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How The Toy Industry Is Growing Around The World

PYMNTS

In terms of regions, Mexico saw the most toy industry growth at 15 percent for the first half of the year. And brands have helped to fuel that strong growth. In terms of regions, North America – driven by the United States – is the largest part of the world for toy sales.

Industry 102
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Here Are The Asian Smartphone Upstarts Gunning To Displace Apple, Samsung, And Huawei In The Region

CB Insights

Using CB Insights data, we mapped out the key emerging Asian smartphone brands challenging established players. Below, we dive deeper into these various smartphone brands and the companies that own them. Oppo, Vivo, and OnePlus are smartphone brands run by the BBK Electronics Corporation , headquartered in Dongguan, China.

Samsung 44
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Mars Bars: Now Serving Local Martian Microbrew

PYMNTS

The mobile app Drizly , for instance, has been letting customers order alcohol via their smart devices since 2012, adding investors and new areas of service over the intervening years. So, legally speaking, Drizly is able to reach any customer in the country, even if it’s not yet available in their region.

Retail 117
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Avant Brings SaaS Lending Tech To Banks

PYMNTS

Since its founding in 2012, the firm has specifically distinguished itself in a crowded field of tech-based underwriters, with its focus on the consumer group it calls the “underbanked middle class.”. Avant launched its first bank partnership with Alabama-based Regions Bank in 2016, using its SaaS product.

Lending 134