Technology

India’s digital lending rules spark disruption, firms plan pushback

India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.

Crypto.com gets UK regulatory approval

Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday.

Korea’s SK invests $100 million in EV-focused startup Atom Power

Korea’s SK Inc (034730.KS) has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday.

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

China’s Tencent Holdings (0700.HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.HK) to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.

With Alibaba stake cut, SoftBank’s Son cools toward China tech

SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.

India’s digital lending rules spark disruption, firms plan pushback

India’s stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.

Crypto.com gets UK regulatory approval

Singapore-based cryptocurrency platform Crypto.com has registered with Britain’s financial services regulator, the company said in a statement on Wednesday.

Korea’s SK invests $100 million in EV-focused startup Atom Power

Korea’s SK Inc (034730.KS) has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United States with new hardware and software, the companies said Thursday.

Exclusive: Tencent plans to divest Meituan stake worth $24 billion

China’s Tencent Holdings (0700.HK) plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan (3690.HK) to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said.

With Alibaba stake cut, SoftBank’s Son cools toward China tech

SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.

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