China is proposing to increase measures to combat monopolies in its payments industry, which could affect major tech giants Ant Group and Tencent that together dominate online transactions in China. The directive comes as Beijing ramps up its antitrust efforts against both companies, which have been allowed to grow relatively unchecked for the past decade. China’s central bank said in a...
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Fast-Delivery Startups Getir and Flink Held Merger Talks
Turkey-based fast-delivery firm Getir had preliminary talks late last year about merging with Flink, the Germany-based startup, in a sign that consolidation in the fast-delivery sector may have another round to go. Merging with Flink would strengthen Getir in Germany, where it expanded through last year’s acquisition of Gorillas. Flink came away from the discussions uninterested in...
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