Monday, July 26, 2021

Byju's says it will acquire Singapore-based professional training and higher education service Great Learning for $600M in cash and stock (Saritha Rai/Bloomberg)

Saritha Rai / Bloomberg:
Byju's says it will acquire Singapore-based professional training and higher education service Great Learning for $600M in cash and stock  —  - India's online learning pioneer adds higher-education content  — Singapore's Great Learning works with universities globally



FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x (New York Times)

New York Times:
FTX and Binance will curb highly leveraged cryptocurrency trading, a practice that can vastly multiply losses; FTX offered 101x leverage, now down to 20x  —  The moves would reduce the size of the bets that investors can make by drastically cutting the maximum leverage offered.



China's edtech overhaul could eliminate foreign investors from the sector and wipe out billions invested by Sequoia, Tiger, Tencent, and SoftBank's Vision Fund (Financial Times)

Financial Times:
China's edtech overhaul could eliminate foreign investors from the sector and wipe out billions invested by Sequoia, Tiger, Tencent, and SoftBank's Vision Fund  —  Tutoring businesses feared ‘virtually uninvestable’ under plans to curb private capital  —  China's sweeping overhaul …



As part of its expanded outreach to US churches, Facebook is offering subscription tools for exclusive content and donation tools during live streams (Elizabeth Dias/New York Times)

Elizabeth Dias / New York Times:
As part of its expanded outreach to US churches, Facebook is offering subscription tools for exclusive content and donation tools during live streams  —  The company is intensifying formal partnerships with faith groups across the United States and shaping the future of religious experience.



China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+ (Bloomberg)

Bloomberg:
China issues regulations for food delivery platforms, mandating minimum wage, respect for worker rights, and more, leading to Meituan shares dropping by 14%+  —  - It extended losses after Beijing issued food platform curbs  — Meituan is grappling with a broader antitrust investigation



Check Point Software Q2 profit, revenue beat estimates

Check Point Software Technologies reported a higher-than-expected 2% rise in second quarter net profit and 4% increase in revenue. https://ift.tt/3x67qVV

Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in data center financing decisions (Bloomberg)

Bloomberg : Sources: amid the Iran war, Asian bankers say rising power prices and energy security are becoming a bigger consideration in ...