Netflix rival iFlix reveals its first original content series for emerging markets

 Fresh from raising $ 90 million from investors in March, iFlix, a Netflix-like service for emerging markets, has announced its first slate of original content. The Malaysia-headquartered business claims five million registered users across 10 countries — it recently branched out into Africa and the Middle East — for its service which costs around $ 3 per month…

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Uber rival Grab makes first major acquisition to build out its payments platform

 Grab, Uber’s biggest rival in Southeast Asia, has completed its first major acquisition after it bought up Indonesian startup Kudo to boost its nascent mobile payments platform. Neither party is giving a figure for the size of the deal, which was first rumored in February. Initial reports at the time suggested Grab would pay over $ 100…

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Alibaba’s Ant Financial extends global reach with first investment in the Philippines

 Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines. The company, which manages payment service Alipay and Alibaba’s digital banking services and is valued at $ 60 million, said it made an undisclosed investment in Mynt, a financial venture from Globe Telecom. Mynt’s interests include a micro-payment… Read…

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