AppLovin wants to buy video game maker Unity for $20 billion

A year after going public, app growth and monetization agency AppLovin submitted an unsolicited proposal today to buy the game engine Unity in a deal worth $20 billion. But there’s a catch: Unity would have to terminate its recent deal to merge with ironSource,...

Promoted grabs more funding to help e-commerce marketplaces achieve profitability

It’s a big week for startups developing technology for e-commerce marketplaces. We saw companies like Nautical Commerce bag $30 million in Series A funding to help any sized business create their own marketplace. Meanwhile, Shop Circle made its public debut with $65...

Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz

Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s overseas expansion has manifested in a mix of investment and integration...

Ant Group buys Singapore’s 2C2P to further global payments ambitions

Quietly, Alibaba’s fintech affiliate Ant Group has been building a global cross-border payments network by partnering with or investing in third-party e-wallets, banks, remittance services and other ecosystem players. The latest added to Ant’s alliance is...

Sequoia-backed SwooshTransfer raises millions of dollars to automate cross-border payments

China’s export-oriented e-commerce has been flourishing over the last few years as the world demands its electronics, fast fashion, sporting gear and other everyday goods. While the country’s digital exporters revel in the boom, they also face challenges....