PayPal took a major step towards becoming the first foreign online payments provider to enter China’s huge market. The firm announced it had completed the acquisition of a controlling 70% stake in GoPay, a domestic online payments service dwarfed by giants Alibaba and Tencent who have the two most popular digital wallets in China. The deal was first announced three months ago. The deal marks...
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Another Software Shakeup: Confluent Chief Revenue Officer Departs
As software gets harder to sell, top sales leaders are increasingly getting replaced. Larry Shurtz, chief revenue officer at data analytics firm Confluent, is leaving about 18 months after joining from Salesforce, according to a person with direct knowledge. His departure follows similar removals of sales leaders at major enterprise software firms such as Salesforce, Google Cloud and Okta...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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