Thursday, May 16, 2019

Alibaba beats fourth-quarter revenue forecasts

Alibaba is diversifying to include new business lines such as cloud computing as a boom in its core e-commerce has peaked and its top line growth is slowing. http://bit.ly/2LNxqTI
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French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others (Yazhou Sun/Bloomberg)

Yazhou Sun / Bloomberg : French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with...