Tuesday, May 21

Tag: 14 billion

Ant Financial Raises $14 Billion From National And International Investors
FUNDING

Ant Financial Raises $14 Billion From National And International Investors

China’s biggest online payment platform Ant Financial Services Group which operates the Alipay mobile payment service, in its recent funding, has raised a huge amount of around $14 billion, with the aim to expand its platform across the globe and bring in latest technologies. Ant Financial which is controlled by Jack Ma is an Alibaba affiliated fintech firm. The investment of the firm is being reviewed as the biggest-ever single fundraising globally by any private sector company. In a statement, Ant Group told that the funding comprised of both U.S. dollar and Chinese yuan tranches, where the dollar share made up over $10 billion and the yuan tranche was mainly contributed by the existing shareholders. "Now, with the help of our partners, we are going to accelerate our strategy," Ant...
14 Billion Messages Sent on WhatsApp in India
News

14 Billion Messages Sent on WhatsApp in India

New Year's eve saw a whopping 14 billion messages being sent on WhatsApp in India as more people opted to send season's greetings through the instant messaging platform than traditional routes like SMS and greeting cards. India is the largest market for the Facebook-owned company, accounting for about 160 million of its over 1 billion users. According to data shared by WhatsApp, 14 billion messages were sent on December 31, 2016 alone, an all-time high from India. With telecom operators charging a premium for SMS on occasions like New Year and Diwali, WhatsApp has been gaining popularity as an alternative as it is available free for users (apart from data charges). The traffic on the last day of 2016 was higher than WhatsApp's last record of 8 billion messages in one day on Diwali ...