Digital payment is becoming increasingly popular in Indonesia — yet 99 percent of transactions by volume are carried out using cash, according to management consultancy McKinsey and Company. To tap the massive potential of Indonesia’s electronic payment market, Go-Pay — the mobile wallet of ride-hailing app Go-Jek — is planning to “strengthen and deepen” its
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Deposit Photos Introduction The machine workforce is on the rise. While technological innovation has always happened, existing and emerging technology is not only changing the pace of technological innovation exponentially, it is giving rise to an entirely new competitive workforce that is intelligent. As a result, it is not only the current models of business,
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Chinese streaming firm Tencent Music Entertainment delivered its first earnings report as a public company, meeting market expectations but exposing soaring licence and content production costs which pulled its shares down 6 percent. The U.S.-listed company’s shares have gained about 43 percent since debuting in December, but its results published on Tuesday highlight the need
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Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
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Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and
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