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Farfetch Raises $250M To Grow Luxury Fashion Platform

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Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Farfetch will use the capital to continue growing and expanding into new markets, particularly China. Tencent is helping the company reach the market through its WeChat platform. “We

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Lawsuit Targets WeWork For Lost Value After Pulled IPO

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In a proposed class action filed in San Francisco Superior Court, the lawsuit seeks to recoup losses following WeWork’s failed initial public offering (IPO). Former WeWork employee Natalie Sojka of San Francisco alleges in the Nov. The botched IPO caused WeWork’s value to drop over 87 percent.

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Indian Digital Payments Platform Cashfree Lands $35M From Apis Partners  

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As digital payments proliferate globally, the Indian market continues to represent one of the most exciting opportunities that we see in the world,” Apis Co-Founder and Managing Partner Udayan Goyal said in the press release. Cashfree has maintained a leadership position in this space and is now going through a period of rapid growth.”.

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StanChart Deepens China Focus With Innovation Lab Launch

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7) that the Shanghai opening adds to Standard Chartered’s existing network of labs, which are open in Singapore, Hong Kong, Kenya, London and San Francisco. NS Banking said Wednesday (Aug.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

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San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees. “We can assure you all account information remains secure, and no personal or financial data is at risk.”. The startup generates income by receiving a portion of interchange fees from debit cards.

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Shipt Gets $20 Million In Funding To Challenge Amazon, Google

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million in Series A funding that the company plans to use to expand into new markets and further compete with well-heeled online food delivery giants, like Amazon, Google and Instacart. The company now has an office in San Francisco, too, that gives it a presence in Silicon Valley.

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Uber Names Public Policy Advisory Group Leaders

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Uber announced yesterday (May 4) that it has officially kicked off its first Public Policy Advisory Board meeting in order to help guide the company through its market expansion — all the while, facing regulatory pressures abroad and at home. Roberto Daniño: Former Prime Minister of Peru.

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