In today’s ExchangeWire digest: ShareChat reach a valuation of USD $2.88bn after raising USD $145m in a series F funding round; ITV celebrate gaining higher ad revenues; and Unacademy acquire Rheo TV.   ShareChat raise USD $145m, bring valuation to USD $2.88bn Leading Indian social media platform ShareChat have raised a further USD $145m (£104.6m), bringing their valuation to USD $2.88bn (£2.1bn). The announcement, made yesterday (27th July) comes less than 3 months after the company secured a valuation of USD $2.1bn (£1.5bn) [...]

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In today’s ExchangeWire news digest: China’s Ministry of Industry and Information Technology have issued the nation’s tech firms with a 6-month rectification program to address anticompetitive practices and security threats; Indian food delivery startup Zomato have seen their share value rise after going public last week; and Blackstone have acquired a majority stake in edtech startup Simplilearn.   China issue tech giants with 6 month “rectification” program China’s Ministry of Industry and Information Technology (MIIT) have issued the country’s tech firms with orders [...]

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In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce, from around the globe. In this edition: Zoom acquire cloud communications company Five9; digital manufacturing company Fast Radius go public via a USD $1.4bn SPAC deal; AT&T rush to sell off Xandr; and YouTube acquire Indian social commerce startup Simsim.   Zoom expand cloud operations by acquiring Five9 Zoom have acquired Five9 in an all-stock deal worth USD $14.7bn (£1.1bn). The move marks the video chat service provider’s [...]

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In today’s ExchangeWire news digest: Zoom acquire cloud communications company Five9; a PwC reports finds that Australia’ esports and gaming revenue will grow by 7.5% each year to 2025; and Indian news and social network startup Inshorts raise USD $60m in funding.   Zoom expand cloud operations by acquiring Five9 Zoom have acquired Five9 in an all-stock deal worth USD $14.7bn (£1.1bn). The move marks the video chat service provider’s intention to stake a claim in the profitable cloud contact market. Established two decades [...]

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In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce, from around the globe. In this edition: Twitter appoint new executives in India in order to become compliant with the country’s IT regulations; president Biden signs a new executive order designed to rein-in the power of Big Tech; Google are fined by the French Competition Authority for allegedly violating orders to negotiate payment deals with news publishers; and Captify sells majority stake to SFW Capital.   Twitter [...]

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In today’s ExchangeWire news digest: Twitter appoint new executives in India in order to become compliant with the country’s IT regulations; DIY ecommerce platform ManoMano raise USD $355m in a series F funding round; and research finds that some of the leading websites across the UK, US, and Australia are still reliant on third-party cookies.   Twitter up compliance in India Twitter have stepped up efforts to comply with India’s latest IT legislation by appointing a domestic chief grievance officer and releasing their [...]

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In this weekly segment, ExchangeWire sums up key industry updates in ad tech from around the globe. In this edition: Axel Springer are reportedly looking to acquire Axios; Amazon launch an AVOD, MiniTV, in India; WhatsApp take the Indian government to court over new rules that would force them to break their encryption; and shopping on TikTok soars 533% in the UK.   Axel Springer reportedly in talks to acquire Axios German media giant Axel Springer are eyeing a takeover of business and [...]

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In today’s ExchangeWire news digest: WhatsApp take the Indian government to court over new rules that would force the instant-messaging platform to break their end-to-end encryption; Morrisons plan to extend their partnership with Amazon after sales boom in Q1; and Miniclip acquire UK games studio Supersonic Software and their subsidiary Appynation.   WhatsApp take Indian government over anti-encryption measures WhatsApp are suing the government of India for introducing new rules that would force them to break their encryption. The Facebook-owned platform argue that [...]

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In today’s ExchangeWire news digest: Amazon launch an AVOD offering, MiniTV, in India; JD Logistics prepare to go public in Hong Kong; and PayPal acquire Happy Returns.   Amazon launch AVOD service in India Amazon have launched an ad-supported video-on-demand (AVOD) service in India. Named Amazon MiniTV, the offering currently resides within the tech giant’s flagship shopping app, and is separate from Amazon’s paid-for Prime subscription service. MinTV’s debut follows the launch of a mobile-only streaming plan, which Amazon launched in partnership with Indian [...]

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In this weekly segment, ExchangeWire sums up key industry updates in ad tech from around the globe. In this edition: ShareChat surpass the USD $2bn valuation mark; Germany’s data commissioner seeks a halt to WhatsApp’s impending privacy update; consumers express horror over a new product that “counts” streaming viewers; and the UK’s home secretary joins child protection advocates in calling on Facebook to drop plans to extend end-to-end encryption to Messenger and Instagram.   ShareChat valued at over $2bn after raising $502m [...]

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