Grab, the Southeast Asian ride-hailing and food-delivery giant, is considering a U.S. initial public offering this year that could raise at least $2 billion, Reuters reported. A Grab IPO could be significant for its investors SoftBank, Didi Chuxing and Uber. Uber sold its Southeast Asia business to Grab in a 2018 deal that turned the U.S. company into a minority shareholder in the...
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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
New York Regulator Investigating Crypto Exchange Gemini
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
China’s Baidu to Launch ChatGPT-like Service
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