• Alibaba goes big on Russia with joint venture focused on gaming, shopping and more

    2 monthes ago - By Tech Crunch

    Alibaba is doubling down on Russia after the Chinese e-commerce giant launched a joint venture with one of the country's leading internet companies.
    Russia is said to have over 70 million internet users, around half of its population, with countless more attracted from Russian-speaking neighboring countries. The numbers are projected to go as, like in many parts of the world, the growth of smartphones brings more people online. Now Alibaba is moving in to ensure it is well placed to take advantage.
    Mail.ru, the Russia firm that offers a range of internet services including social media...
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  • Ravelin raises £8M Series B to use machine learning to fight e-commerce fraud

    Ravelin raises £8M Series B to use machine learning to fight e-commerce fraud

    2 monthes ago - By Tech Crunch

    Ravelin , the London-based company using machine learning to help e-commerce companies fight and predict the risk of fraud, has raised £8 million in Series B funding. The round is led by BlackFin Capital Partners, while existing investors Amadeus Capital Partners, Passion Capital, and Playfair Capital followed on.
    In a call with co-founder and CEO Martin Sweeney, he told me the new funding will in part be used for Ravelin's expansion plans. This will include opening an office in the East Coast of the U.S., where the company is seeing increasing in-bound inquiries. This, he says, won't...
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