As regulators circle, China’s fintech giants put the emphasis on tech

Kitty cash FOR those still trying to work out what exactly “fintech” involves, we are sorry to bring you this update from China, a world leader in mixing finance with technology. Fintech is passé; the hot new thing is “techfin”. This ungainly portmanteau was coined by Jack Ma, the chairman of Alibaba, an e-commerce giant, […]

Vegetable giants are heavyweight champs of the growing world

And the pensioner of Newport, South Wales, topped with a 42lb beetroot and a 9lb carrot at Harrogate Autumn Flower Show in North Yorkshire.  He insists there are no secrets to his success apart from patience and a little bit of cash.  He said: “It’s just about having the right seed and the right growing […]

Too easy: Euro giants’ $580m CL luxury exposed in demolition

KYLIAN Mbappe and Neymar, who joined for a combined $ 580m, watched on from the stands as Paris Saint-Germain prepared for their Champions League trip to Liverpool with an emphatic 4-0 win over Saint-Etienne in Ligue 1 on Friday. Julian Draxler, Edinson Cavani, Angel di Maria and youngster Moussa Diaby all found the net at […]

The $325m Jordan deal helping CL giants pay for Mbappe, Neymar

PARIS Saint-Germain President Nasser Al-Khelaifi has told AFP he is confident a lucrative new kit deal with Nike’s Jordan Brand will help them fall into line with UEFA’s Financial Fair Play rules. PSG unveiled their new home and away Champions League shirts, which will carry the Jordan Brand “Jumpman” logo, at a ceremony in Paris […]

Chelsea could lose Cesc Fabregas on free transfer with Serie A giants circling – EXCLUSIVE

Both Milan clubs want the Chelsea midfielder and could be poised to land the 31-year-old, who will be free to talk to clubs after December with his contract running out in June, as a free agent. Inter’s No1 midfield target this summer was Real Madrid’s Luka Modric but they failed in their bid to land […]

GOLDMAN SACHS: Chinese tech giants are dominating North America in VC funding for the first time, and it could be the start of an unprecedented boom (BABA, BIDU, JD)

Chinese companies outpaced their American counterparts in venture-capital funding for the first time during the second quarter, according to Goldman Sachs. Tech giants and Softbank contributed the most to this milestone. According to Goldman’s analysts, Chinese tech giants including Alibaba and Baidu are creating ecosystems with unprecedented influence to develop new technologies and business models.  Watch […]

US police arrest China shopping giant’s CEO over misconduct claims

Richard Liu, the CEO of Chinese internet shopping behemoth JD.com, is facing scrutiny after Minneapolis police arrested and temporarily detained him this weekend over sexual misconduct allegations. Officers took him in late on August 31st and released him without bail on September 1st after determining it could conduct a “fair and thorough investigation” without the […]

EU fights for global digital tax on tech giants at G20 meeting

(Reuters) – European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina on Sunday, putting them at odds with U.S. counterparts. The final communique reaffirmed a commitment to address the impacts of the shift to a digital economy on the […]