Moscow, believe it or not, is a global hub for startups with ambitions to one day be a world leader in blockchain. More than 13,000 entrepreneurs and investors gathered at the Open Innovations forum to discuss tech advancements in the nation in late Oct. 2016....
Upcoming Singles’ Day 2016 sees major retailers under close monitoring by China’s SAIC. There’s a lot of money at stake. Since starting Singles’ Day sales in 2009, Alibaba has made major cash. Last year, Alibaba reportedly earned $14.3 billion on Singles’ Day, up 60 percent...
Wish, the company behind the mobile shopping app of the same name, recently raised $500 million in a new round of funding. Wish is now valued between $3.5 billion and $5 billion. Currently, Wish facilitates about $2 billion worth of sales and gets a 12 to...
Independent carrier billing company Boku announced Wednesday it expanded billing for Spotify music users in Switzerland. Six and a half million Swisscom subscribers can now access carrier billing as payment for Spotify Premium. Spotify has 30 million paying subscribers worldwide and reported sales of $2.2...
StatCounter Global Stats recently found that, this October, for the first time ever, mobile and tablet access comprised a majority (51.3 percent, to be precise) of internet usage worldwide. The stats varied considerably country to country. Newer markets saw a much higher rate of mobile...
Between the end of 2016 and 2017, $128 billion worth of commercial real estate loans are due to refinance. A quarter of those were put toward building malls a decade ago — just before the online shopping boom began. While net retail sales have increased...
Cash use in Eastern Europe is robust, and the amount of cash spent in Eastern Europe is expected to continue to increase despite the adoption of cards and mobile wallets. The Q3 2016 PYMNTS Global Cash Index™ shows that Europe has a higher cash share than...
The Brexit vote is reverberating among FinTechs based in London that are uncertain of their legal standing in the U.K. post-Brexit. Many are taking advantage of a ruling that allows them to relocate to Europe to retain access to the EU single market. Cities such as...
Despite an outcry when Apple announced that it would nix the headphone jack in the new iPhone 7, it appears that the company may have known what it was doing. Consumers seem to be more enthralled with the wireless earbuds than they are with the...
