MARKET TRENDING NEWS

German e-scooter company Tier has reportedly acquired Wind Mobility’s Italian subsidiary, Vento Mobility, in a move that marks its entry to the Italian market and adds to its rapidly expanding European footprint. Last month, Tier also acquired German bike-sharing company- Nextbike, in order... Read More

Pfizer Inc. recently announced that it would purchase Arena Pharmaceuticals Inc. for USD 6.7 billion in an all-cash deal. This agreement will expand Pfizer’s treatment pipeline and add a potential candidate that focuses on diseases affecting the stomach and intestine. The offer of USD 100 p... Read More

Vingroup Joint Stock Company, Vietnam's largest conglomerate, announced on Sunday that it has begun construction of a battery cell plant worth USD 174 million for its VinFast electric vehicle business, allowing it to control its own battery supply chain. When gasoline-powered cars bearing its... Read More

Pristyn Care has reportedly raised USD 100 million in a Series E funding round led by Sequoia Capital US. With the latest funding, Pristyn Care enters into the unicorn club at a valuation of USD 1.4 billion. The company intends to use the fresh funds for opening 1,000 surgical centers in over 50 loc... Read More

Indian used-automobile retailing platform Spinny recently announced a fundraise of USD 283 million in a Series E investment round by new and existing investors. The automobile retailer stated that it will leverage the newly generated funds in improving the customer experience, expanding technical &a... Read More

London's efforts towards making its stock market a lucrative option for fast-growing tech firms to compete with New York counterpart is reportedly facing setbacks due to low trading volumes and some high-value IPOs falling flat. Over the past week, Britain introduced new rules that made listi... Read More

U.S. and Nigeria-based firm TradeDepot, which connects consumer goods brands to various retailers and supports distribution, has reportedly raised USD 110 million in Series B round in the form of equity and debt capital to onboard more retail stores and extend its buy now pay later (BNPL) service in... Read More

Alibaba will establish two new units for its domestic and international e-commerce operations. Toby Xu, the company's deputy CFO, will take over current CFO Maggie Wu in April. Alibaba Group Holding Ltd. recently announced the restructuring of its foreign and domestic e-commerce divisi... Read More

Chief Financial Officer of General Motors Co., Paul Jacobson, reportedly stated that the carmaker expects full-year adjusted pre-tax profits to be around USD 14 billion, higher than the previous prediction of USD 11.5 billion to USD 13.5 billion. Strong consumer demand, high vehicle prices, and s... Read More

International airlines are reportedly preparing to combat the emerging threat posed by the new variant of coronavirus, Omicron, which might compel them to modify destinations and schedules on short notice and gravitate more towards domestic markets. Although many passengers have already booked tr... Read More