Pakistan Startups Draw Record Money, Helped by Covid and China's Tech Crackdown – Bloomberg

Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
Ultimate Fighting Championship has long dominated the world of mixed martial arts. But UFC’s effort to swallow up competitors has triggered a class action by fighters who claim it’s abusing its power. Now a key court victory threatens the organization’s very business model.
Hong Kong Rugby Sevens Set to Return in November, SCMP Says
Boeing Gets FAA Clearance to Restart 787 Dreamliner Delivery
Permira Is in Lead to Buy Reorg Research From Warburg Pincus
China Probes Government, Bosses as Chip Race With US Heats Up
Alibaba Added to SEC List of Chinese Firms Facing Delisting
Homeland Security Watchdog Halted Text Retrieval Effort
Infowars’ Parent Free Speech Systems Files for Bankruptcy
Asia Has New Richest Woman as Property Crisis Reshapes Fortunes
Calstrs Posts 1.3% Loss for Latest Fiscal Year After Market Rout
Review: Beyoncé Escapes to Dance World in ‘Renaissance’
Neil Patrick Harris Is Suddenly Single in Comedy ‘Uncoupled’
Chips Act Skips US Leaders for Asian Winners
The Four Mysteries of Pelosi’s Troublesome Taiwan Trip
Manufacturers That Sell to Consumers Feel the Pinch
The Indian Government’s Fight Against ‘Fake News’ Targets Political Dissent
Jazzercise Is Alive and Kicking Decades After It Got Started
US Banks Passed the Latest Stress Test, But Are Still Unhappy
UAW Head Says Battery-Worker Pay Must Match Assembly Wages
Teen Has Raised $1.5 Million for Abortion Funds in the Week Since Matt Gaetz Mocked Her
Over Half of Britons Were Net Welfare Recipients During Pandemic
House Approves Bill to Help West Fight Wildfires, Drought
Southwest Rains Flood Deserts, Cascade Into Vegas Casinos
NYC Wants In-Person Dining Back. Will Restaurant Week Be the Ticket?
Diary of a Pandemic Bus Driver
A Legal Showdown Over Section 8 Discrimination Is Brewing in Dallas Suburb
FDIC’s Message to Crypto Investors: Digital Assets Aren’t Insured 
Troubled Crypto Lender Babel Lost Big While Trading Client Funds
Ex-Voyager Executive Explores Competing Restructuring Plan for Crypto Lender
Visitors use their mobile phones at Clifton Beach in Karachi, on Nov. 12.
Global investors are pouring money into Pakistan’s budding tech sector. Funding this year has outstripped the last six combined. 

The startup scene in the world’s fifth-largest nation is having a breakout year. 
More money has flowed into Pakistan’s nascent technology sector during 2021 than in the previous six years combined, with investors from the U.S., Singapore and the United Arab Emirates joining the rush. And one former Microsoft Corp. and LinkedIn Corp. employee has been involved in about half the fundraising deals. 


Leave a Comment