And, India’s investment in fintech doubled in 2019 to $ 3.7 billion. The launch of the PIX by the Brazilian Central Bank aims to change the fintech landscape in Latin America’s largest country.
Latest epidemic information
Facebook and Sony exit the Game Developers Conference due to the outbreak. According to foreign media reports, Facebook and Sony announced on Thursday that they will not participate in the game developer conference next month in San Francisco due to concerns about the coronavirus. A Facebook spokesperson said that Facebook will continue to release the latest results to the outside world, but they will do this digitally. The company also said that it plans to continue participating in the Game Developers Conference in 2021. A spokesman for the Game Developers Conference said this year’s event will be held on time, as originally planned.
Latin America
Microsoft CEO Nadella: Will invest $ 1.1 billion in Mexico over the next five years. According to a promotional video released by the Mexican government on Thursday, Microsoft CEO Satya Nadella stated that he will invest $ 1.1 billion in Mexico over the next five years. Nadella said the investment would “focus on expanding access to digital technology for individuals and organizations across (Mexico).” He also added that Microsoft will build a new data center to provide “customer service to help each organization truly gain an edge and drive digital transformation.” In addition, Nadella said that Microsoft will also invest in training laboratories and skills programs. (Sina Technology)
Uber is back in Colombia. According to Contxto, Uber recently restarted its service in Colombia. It is reported that in December 2019, Uber was sued in Colombia by taxi service platform Cotech SA on the grounds of unfair competition. In the same month, a judge from the Colombian Administration for Industry and Commerce in charge of market regulation ruled that Uber’s application violated competition rules and required it to suspend its ride-hailing operations in Colombia. Uber appealed the verdict.
The Central Bank of Brazil launches the payment application PIX. According to Contxto, the Central Bank of Brazil announced that it will launch a payment solution that uses QR codes to process transactions. This system is called an “instant payment platform” or “PIX”. PIX will be used in Brazil from November this year. It is reported that the launch of PIX by the Brazilian Central Bank aims to change the fintech landscape in Latin America’s largest country.
India
India’s investment in fintech doubled in 2019 to US $ 3.7 billion. According to ET Tech, according to Accenture, India ’s investment in fintech increased from $ 1.9 billion in 2018 to $ 3.7 billion in 2019, almost doubling, making the country the third largest in the world Large fintech center, second only to the US and UK. In addition, data show that in 2019, most of the funds raised in India were invested in payment startups, accounting for 58% of the total. The insurance technology companies accounted for 13.7% of the investment, while the financial technology companies’ loans accounted for 10.8% of the total.
WeWork India has suspended its expansion plans in an effort to achieve profitability. According to Inc42, WeWork India has decided to put its expansion plans in the back row to focus more on profitability. Karan Virwani, CEO of WeWork India, announced that the company plans to become profitable by October 2020.
Southeast Asia
Danish facility management company ISS Group plans to sell Thai subsidiary. According to DealStreetAsia, people familiar with the matter have revealed that the company plans to sell its Thai subsidiary for $ 100 million to $ 150 million.
Others
Japanese education publisher Benesse Holdings invests $ 50 million in Udemy, a U.S. online course learning platform. According to ET Tech, after this round of financing, Udemy’s valuation is about $ 2 billion. As an investor in this round of financing, Benesse Holdings has been a Udemy partner in Japan.
Samsung Electronics appointed former South Korean Finance Minister Park Jae Wan as chairman. Samsung Electronics announced on Friday that it has appointed its outside director, Park Jae-wan, the former Minister of Planning and Finance of South Korea, as chairman of the board, replacing Lee Sang-hoon, who announced his resignation on Friday. Park Jae completes Samsung’s first outside directorship. The company’s former chairman, Lee Sang Hoon, was sentenced in jail last December for sabotaging union activities and is currently serving a sentence. (Sina Finance)
文 | 云 晞 @ 出海
Picture | Pexels
