The annual e-Conomy SEA report projects that the Philippine digital economy is on track to hit $20 billion Gross Merchandise Value (GMV) by the end of the year. This is a $3 billion growth from last year’s $17 billion projected value.
SK Telecom (SKT) announced that it had signed a memorandum of understanding (MOU) with Singapore-based communications technology group Singtel, to jointly grow the metaverse business in countries where the group operates in, starting with Singapore.
Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. Atria was founded in 2022 as a disruptive startup that is revolutionizing the pre-owned market by offering simple, transparent, and agile loans. Atria’s proposal is backed by a team that has in-depth knowledge of the sector and expertise in loans, risk management, analysis, and technology.
Salesforce has reversed course on its bid to acquire data management and integration platform Informatica a source has told Reuters. Informatica itself said that it is not in talks to be acquired. Salesforce stocks rose on this latest news while Informatica’s fell.