Today, in the most important payment news around the world, Tiger Global Management acquires 4.4 percent stake in Just Eat Takeaway.com, while Shenzhen will continue its digital yuan pilot implementation in China. Also, the Chinese eSports company VSPN earned $ 60 million in its Series B funding round.
Tiger Global Management acquired a 4.4 percent stake on Just Eat Takeaway.com worth just over 613 million Euros (about $ 746 million). Just Eat Takeaway is the result of a merger between the UK’s Just Eat and the Netherlands-based Takeaway. The combined company acquired Grubhub for $ 7.3 billion in June. Tiger Global has invested in many food delivery platforms.
Shenzhen will continue China’s digital yuan experimental efforts by giving the cryptocurrency to citizens. There will be 20 million digital yuan (about $ 3.1 million) distributed in red envelopes for citizens to use to shop and promote the new currency. Those who buy the digital yuan will be determined by the lottery.
Chinese eSports company VSPN earned $ 60 million in Series B + funding to help grow its international operations. Nan Fung Group, Guiotai Junan International and Prospect Avenue Capital were among the investors for the newest funding round. “The eSports industry is going through a new phase and entering a new era,” said Dino Ying, founder and CEO of VSPN.
The most recent rise of coronavirus cases is driving the eurozone into a second recession, pushing aspirations for a short-term recovery in the international recovery. IHS Markit said the Region’s Purchasing Managers Index, which tracks manufacturing and service industry activities, dropped from 49.1 in December to 47.5 in January. A result below 50 is considered a decrease in activity.
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