OLX, CarFirst set to join hands
OLX has globally invested $89 million in CarFirst parent company, Frontier Car Group
Rocket Internet targets $3 billion investment in AI and Fintech
The company earlier this month divested all its shareholding in Daraz to Alibaba
Ant Financial raises $10 billion from global and local investors
The fundraising values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016
GDPR sets the benchmark for data protection – What can Pakistan learn?
Over the last couple of weeks, you may have received emails from organisations such as Twitter, Facebook, YouTube, Instagram, TripAdvisor, Medium, Booking.com,...
Samsung to pay $539 million to Apple in patent retrial
Apple this year told jurors it was entitled to $1 billion in profits Samsung made from selling infringing phones, saying the iPhone’s design was crucial to their success.
1.2 bn in cryptocurrency stolen since 2017, says cybercrime watchdog
NEW YORK: Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as Bitcoin’s popularity and the emergence of...
Startups can now apply, participate in Google’s first Asian Demo Day
Google is bringing its Demo Day event to Asia for the first time this September and now the search giant has opened...
Pakistan exports IT products, services to over 100 countries: Anusha Rahman
ISLAMABAD: The Information Technology (IT) export market of Pakistan has expanded to over one hundred countries during the last five years of the...
Govt approves country’s first ever “Digital Pakistan” policy
PM Abbasi announced a cash reward and extension of a tax holiday on IT exports till 2025, reduction in sales tax to 5% in Islamabad Capital Territory and ensured long-term financing at 5% interest rate and formation of legislation for new IT parks
Alibaba’s entrance to enhance Pakistan’s digital economy
Analysts often cite the absence of PayPal as among the impediments to the growth of e-commerce in Pakistan.
Financial management key to successful businesses: SMEDA
LAHORE: Financial management is the main driving key to run a successful business. It was unanimously observed by the speakers while addressing...
Kenyan digital payment company planning to open operations in Pakistan
Till March this year, 10 percent of the transactions or $24 million being handled by BitPesa included countries in Asia
Veon reports $109mn loss in Q1 while Russian arm improves
Veon, which also operates in Pakistan, Ukraine, Uzbekistan, and Algeria, reported a loss of $109 million, versus a loss of $5 million in the same period a year ago.
President Xi and Trump to help recover China’s ZTE
WASHINGTON: US President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company...
The Black Sheep of the White Hat community
During our investigation into the recent security breach at Careem, some industry sources highlighted a faction of the white hat community that exploits startups that are vulnerable to cyber attacks, prompting Profit to look into how ethical these ‘ethical hackers’ really are.