There are plenty of reasons to invest in big tech stocks like Facebook (NASDAQ: FB), Apple (NASDAQ: AAPL) and the other mega-cap names. In this Fool Live video clip, recorded on April 8, Fool.com contributors Matt Frankel, CFP, and Jason Hall, along with chief growth officer Anand Chokkavelu, discuss some of the bearish arguments against the big tech stocks. Anand Chokkavelu: Say something bad.
Microsoft Corporation will invest $1 billion over the next five years in Malaysia as part of a new partnership programme with government agencies and local companies, the Southeast Asian nation's prime minister said on Monday. The announcement on what would be the U.S. tech giant's biggest investment in Malaysia comes after the country in February gave conditional approvals for Microsoft, Google, Amazon and state telecoms firm Telekom Malaysia to build and manage hyper-scale data centres and provide cloud services. It also comes after the country saw foreign direct investments (FDI) plunge by 68% last year, the biggest decline in Southeast Asia.
(Bloomberg) -- Razorpay, an Indian startup that facilitates digital payments, is raising $160 million from Sequoia India, Singapore’s sovereign fund GIC Pte and others, tripling its valuation to $3 billion in six months.The Bangalore-headquartered company, which helps businesses to automate their payment systems, will use the funds to expand into banking and lending, make acquisitions and add services in Southeast Asia, the company said in an announcement on Monday. Razorpay Software Pvt, as the company is formally known, has raised a total of $366.5 million so far.India is in the middle of an unprecedented startup boom, as the coronavirus pandemic drives more activity online and investors see untapped opportunity for profit in the fledgling digital ecosystem. Earlier this month, six startups turned unicorns within the span of days, almost as many as all of 2020. Razorpay is the latest beneficiary, seeing its valuation surge after reaching the $1 billion mark in October.The startup has seen 300% growth in both volume and revenues during the financial year ending in March, its co-founder and Chief Executive Officer Harshil Mathur said.“We process about $40 billion annualized payments volume currently, compared with $12 billion a year ago,” said Mathur, discussing the funding via a Zoom video conference call. More than 5 million businesses use its payments infrastructure currently, compared with 3 million last year.India’s fintech segment has received a substantial boost after stringent lockdowns, night curfews and restrictions on the operation of malls and supermarkets. Consumers in the country of 1.3 billion people are spending more on e-commerce, internet learning, online gaming and wealth management services.“Offline merchants are coming online at a rapid pace, and boutique stores and artisanal stores are opening up online, boosting digital payments,” said Mathur, whose service competes with startups like BillDesk and PayU.Razorpay was founded in Dec. 2014 by Mathur, now 30, and his classmate Shashank Kumar, 31, from the country’s premier engineering school, the Indian Institute of Technology’s Roorkee campus. The two had gone on to work overseas for Microsoft Corp. and Schlumberger before the idea of starting a payment gateway brought them back to India. Mathur said the duo had beaten a path to at least a hundred bankers before getting a payment gateway license.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.