November 28, 2021

5 world’s biggest Fintech companies in 2019

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As Luxembourg’s finance minister Pierre Gramegna once put it, fintech is not just an enabler but a driving force. Fintech, a combination of finance and technology, is one of the fastest growing forms of technology today. According to the infographic by Carsurance, as of 2018, the global investment in fintech stood at $59.5 billion. But […]

Harneys advises StoneCo Ltd on $1.4 billion IPO and listing on NASDAQ

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Harneys advised StoneCo as Cayman Islands counsel on its $1.4 billion initial public offering of 58,333,333 Class A shares, which included the full exercise of the underwriter’s option to purchase additional Class A Shares, as well as the  $100 million private placement of 4,166,666 Class A shares to Ant Financial. The Class A Shares are […]

Alibaba invests another $1.3 billion into its offline retail strategy

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By Jon Russell From TechCrunch Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm, the dominant e-commerce player in its country, gobbled up a 15 percent stake in Beijing Easyhome Furnishing for RMB 5.45 billion, or […]

Alibaba debuts ‘smile to pay’ facial recognition payments at KFC in China

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By Jon Russell From TechCrunch China is streets ahead when it comes to digital payments. The latest leap is facial recognition technology that allows a customer to pay by literally flashing a smile. Alibaba’s Ant Financial affiliate launched the ‘smile to pay’ service in Hangzhou, the location of the company’s global HQ, where it is […]