Citi

Platform News: Turkey's Trendyol

Trendyol in talks to raise $2 billion investment

Turkish e-commerce player Trendyol, which is backed by Chinese giant Alibaba, is in discussions to raise $2 billion from investors, two sources with direct knowledge of the matter ...

Platform Industry News: TikTok smartphone app video streaming

ByteDance says it is ‘bleeding’ due to India bank account freeze

An Indian court has granted no relief to the developer of TikTok in a case where the company challenged the local tax authority’s decision to block its Indian bank accounts, ...

Deliveroo

Deliveroo launches London IPO after business surges in 2020

British food delivery firm Deliveroo announced plans to launch its hotly anticipated London listing on Monday after recording a surge in business during the COVID-19 pandemic, alth...

Platform Industry: Bitcoin and digital currencies

Bitcoin is at ‘tipping point,’ Citi says as price rises

Bitcoin rose nearly 7%  as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and c...

Platform News: Wall Street in New York

Tech firms sweeten deals for US banks cutting costs in crisis

Top technology services businesses are offering payment deferrals, discounts of up to 20% and other sweeteners to some US banks to keep their business as COVID-19 forces Wall Stree...