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Billionaire-Backed Fintech Becomes Hong Kong’s Latest Unicorn With $458 Million Round, Baillie Gifford Joins As A New Investor

Billionaire-Backed Fintech Becomes Hong Kong’s Latest Unicorn With $458 Million Round, Baillie Gifford Joins As A New Investor

Share to FacebookShare to TwitterShare to LinkedinCharles Li, cofounder and chairman of Micro Connect. Courtesy of Micro Connect Financial technology startup Micro Connect – backed by the likes of Hong Kong billionaire Li Ka-shing and property tycoon Adrian Cheng – announced it raised $458 million in a Series C funding round, valuing the two-year-old startup…

Covid Vaccine Makers’ Stocks Crash To Multiyear Lows Monday As Sales Keep Sliding

Covid Vaccine Makers’ Stocks Crash To Multiyear Lows Monday As Sales Keep Sliding

Share to FacebookShare to LinkedinTopline Moderna and BioNTech shares both cratered to their lowest price in years Monday as the companies behind the most widely-circulated mRNA Covid-19 vaccines grapple with investor disappointment with crashing revenues. Moderna and BioNTech each suffered major stock losses Monday. LightRocket via Getty Images Key Facts BioNTech and Moderna’s stocks fell…

Europe confirms in-depth probe for Adobe’s $20B Figma acquisition

Europe confirms in-depth probe for Adobe’s $20B Figma acquisition

The European Commission (EC) has confirmed that it’s opening an in-depth investigation into Adobe’s proposed $20 billion bid for digital design software rival Figma. The Commission said that the acquisition “may reduce competition in the global markets for the supply of interactive product design software and for digital asset creation tools.” First announced last September,…