Sea Looks To Raise $6.3B And Expands In Europe, India
Sea Limited, the e-commerce, gaming and fintech company is looking to raise $6.3B in a share and convertible bond sale in what would be Southeast Asia's largest ever capital raising. This fresh capital intake would help the company unlock new markets and fund acquisitions.
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Microsoft Leads The Way
In the recent quarter ending in December, Microsoft experienced its most significant profit surge in over two years, largely due to the rising interest in artificial intelligence which has significantly boosted the demand for its cloud services
Cloud And E-Commerce Shine
Amazon.com Inc has surpassed Wall Street's expectations with its impressive sales growth and profits, driven by efficient delivery to customers and a rebound in its cloud-computing division.
Meesho Is Catching Up
The app, which is only available in India, has 127 million downloads within the same time period compared to 81 million for Amazon and 50 million for Flipkart.
JPMorgan Moves Further Into FinTech
To counter threats from fintech companies like Stripe and Block, JPMorgan Chase has agreed to buy a payments startup named Renovite.