Alibaba Raises $10 Billion in Record Hong Kong Share Sale
Alibaba raised $10.2 billion through a Hong Kong secondary share sale, the largest in the city's history. The funds will support the company's spending on artificial intelligence development and expansion globally.
Read full story →Crypto Card Spending Jumps Threefold in a Year, Paymentscan Data Shows
Cryptocurrency card spending exceeded $1.04 billion in July, more than tripling over the past year as consumers purchased everyday items like groceries. Dollar-backed stablecoins accounted for 70% of the more than 10 million tracked transactions.
Private Equity Groups Begin Placing AI Experts in Portfolio Companies
Private equity firms are placing artificial intelligence experts in their portfolio companies to drive business growth. Blackstone and Hellman Friedman partnered with Anthropic in a $1.5 billion deal to support this strategy.
Helcim Raises $38 Million to Fill Small Business Banking Void
Helcim raised 38 million dollars in Series C funding to expand its small business banking platform. The Calgary payments company aims to serve Canadian merchants as major banks divest or outsource their merchant services operations.