Today In Payments Around The World: Tiger Purchases Just Eat Takeaway Stake; Shenzhen Plans Third Digital Yuan Test
In today’s top payments news around the world, Tiger Global Management has bought a 4.4 percent share in Just Eat Takeaway.com, while Shenzhen will continue China’s digital yuan pilot. Plus, Chinese eSports company VSPN has notched $60 million in a Series B+ funding round.
Tiger Global Management has purchased a 4.4 percent share in Just Eat Takeaway.com, valued at a bit more than 613 million euros (approximately $746 million). Just Eat Takeaway is the result of a merger between Britain’s Just Eat and Netherlands-based Takeaway. The combined firm bought Grubhub in June for $7.3 billion. Tiger Global has invested in many food delivery platforms.
Shenzhen will continue China’s digital yuan experimental effort by issuing the cryptocurrency to citizens. There will be 20 million digital yuan (approximately $3.1 million) distributed in red envelopes for citizens to utilize to make purchases – and to promote the new type of currency. Those who get the digital yuan will be determined by lottery.
Chinese eSports company VSPN has landed $60 million in a Series B+ funding round to help it grow its international operations. Nan Fung Group, Guiotai Junan International and Prospect Avenue Capital were among the investors in the newest financing round. “The eSports industry is through its nascent phase and is entering a new era,” VSPN Founder and CEO Dino Ying said in a statement.
The newest rise of coronavirus cases is moving the Eurozone into a second recession, squashing aspirations for a near-term recovery of the international recovery. IHS Markit said its Purchasing Managers Index for the region, which keeps track of manufacturing and service sector activity, dropped from 49.1 in December to 47.5 in January. A result under 50 is considered a decrease in activity.
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