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Germany’s FlixMobility Reaches $2B Valuation With Massive Funding Round

PYMNTS

The company uses artificial intelligence (AI) and data to figure out the fastest, most economical routes. . The company is an example of how startups are taking advantages of data, automation and AI to create new opportunities in the transportation field. The company is planning to next debut a carpooling service called FlixCars.mm.

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Asia Pacific private equity deal value down 44% in 2022

Future CFO

Slower economic growth , declining consumer confidence, falling manufacturing output, high inflation, and mounting global and regional uncertainties resulted in a perfect storm which dampened investor sentiment, the firm noted. Similarly, tough market conditions pushed some investors to the sidelines in 2022.

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Southeast Asian digital economy hits $100B in revenue: Bain

Future CFO

These issues include a broader correction in valuations compared to the highs of 2021, uncertainty surrounding the profitability pathways of some companies and a challenging capital market environment which makes potential exits more difficult to achieve. billion, growing 47% YoY.

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10 Thursday AM Reads

Barry Ritholtz

My morning train WFH reads: • Gold Is No Longer a Good Hedge Against Bad Times : The precious metal has become just another cyclical asset, no longer a useful harbinger of social and economic collapse. Bloomberg ) • AI’s Winners, Losers and Wannabes : An NVIDIA Valuation, with the AI Boost! Slate ) • St.

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UPS Invests In Autonomous Driving Firm TuSimple

PYMNTS

The company has a valuation of more than $1 billion, and it’s also working with Amazon on that company’s transportation infrastructure. The economics for a robotaxi are just not as strong as for a truck,” TuSimple Chief Financial Officer Cheng Lu said. The size of the investment was not disclosed.

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Sizzle Of The Week: Lyft Jumps Into First Place In 2019 IPO Race

PYMNTS

In October Lyft ran its “ Ditch Your Car ” promotion, offering passengers transportation credits if they give up their cars for 30 days. “We We are on the brink of a massive shift in personal transportation, moving away from car ownership and into transportation as a service.

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SCA Readiness Fizzles In Face Of September Deadline

PYMNTS

It’s tough to put a number on it, but one estimate, courtesy of payments firm Stripe and carried out by Fahrenheit 451, found that European businesses could lose as much as $57 billion in economic activity in the year after SCA debuts. Chewy valuation: Pets are big business, with a mastiff-sized initial public offering (IPO) looming.