Tuesday, April 19, 2022

Karachi-based lending app Abhi, which offers loans to people and SMBs, raises a $17M Series A led by Speedinvest at a $90M valuation and says it has 650K users (Faseeh Mangi/Bloomberg)

Faseeh Mangi / Bloomberg:
Karachi-based lending app Abhi, which offers loans to people and SMBs, raises a $17M Series A led by Speedinvest at a $90M valuation and says it has 650K users  —  Pakistani financial platform Abhi Pvt. raised funds at a $90 million valuation within a year after introducing its business …



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...