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Games & Commerce

India ecommerce platform Meesho nears IPO, SoftBank to keep stake

Meesho, a major Indian ecommerce platform competing with Amazon and Walmart’s Flipkart, is preparing a 660 million dollar IPO. SoftBank, Prosus and Fidelity will keep their stakes, while founders and early investors plan partial share sales. Launched in 2015 as a social commerce service, Meesho expanded into a low-cost marketplace and has grown rapidly among price-sensitive consumers and small sellers. Last year it reported 234.2 million active buyers and 706,471 sellers.

Crypto

Will 2,000 XRP be worth 200 million dollars in 2035?

XRP has fallen as the crypto market shed 713 billion dollars in one month, yet it is seen as having held up relatively well. Analysts and AI models now present divergent forecasts for 2035, ranging from 100,000 dollars per XRP to below 40 dollars. Based on these projections, the value of 2,000 XRP could span from tens of thousands to 200 million dollars. The wide gap has renewed investor interest despite persistent volatility.

Crypto

Korea Fair Trade Commission starts review of Naver and Dunamu merger filing

South Korea’s Fair Trade Commission has begun reviewing a merger filing by Naver Financial and Dunamu. The agency said the combination of major digital platform firms could have wide effects on the digital ecosystem. It will assess competitive constraints and consumer impact. Naver would make Dunamu a wholly owned unit and build an integrated digital finance system. The companies approved a share swap in which Naver Financial will acquire all Dunamu shares.