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TikTok’s Failure To Protect Children’s Privacy Lands In £27 Million Fine In The UK

TikTok, a Chinese short video platform, is quite popular among young users, which has led to a slew of privacy-related issues.  The UK’s Information Commissioner’s Office (ICO) found the video-sharing platform may have processed the data of under-13s without appropriate consent. This breach of privacy is said to have happened over more than two years, […]

$75 Million Raised in Series C Funding Round by Insurtech Startup Zopper

Insurtech platform Zopper, which is run by Solvy Tech Solutions, has raised $75 million from investors to fund its expansion plan.  The funding round was led by Creaegis, which saw the participation from ICICI Venture and Bessemer Venture Partners, and existing backer Blume Ventures, according to the New Delhi-based company.  The company’s cofounder Surjendu Kuila […]

Singaporean Multinational E-Commerce Company Shuts Down Operations In Four Latin Countries

According to multiple sources, Shopee has shut down local operations in four Latin countries, mainly Chile, Colombia, and Mexico, while leaving Argentina entirely.  The Singapore-based company will maintain cross-border operations in the first three markets but cut most of its teams in the countries, affecting dozens of employees. However, this will not affect Brazil, where […]

Japan-based B2B platform JOSYS secures $32 Million Series A for its SaaS management platform

Josys, Japan headquartered B2B platform, has raised $32 Million in a Series A investing round. The round was led by Global Brain Corporation, ANRI, Yamauchi-No.10 Family Office, Office Holdings, World Innovation Lab, and other venture capital firms.  The company, which spun off from its parent company Raksul last year, launched its automated management IT devices […]

One Championship Parent Company Re-Domiciles To The Cayman Islands As Company Mulls US IPO

Group One is changing its legal domicile from Singapore to the Cayman Islands as it prepares for a potential US Initial Public Offering (IPO). According to an unverified source that wishes to remain anonymous, the company plans to notify the Accounting and Corporate Regulatory Authority, the Singaporean regulator, as early as the 29th of August.  […]
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