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Startups & Venture·October 9, 2026·1 min read

Tencent-Backed Uzum Talk Attracting US Investment

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A Tencent-backed Uzbek fintech valued at $2.3 billion and still courting US money shows investors are willing to thread geopolitical needles for growth in underpenetrated markets. If you’re building in frontier geos, expect more questions on cap table provenance and data flows—but not a closed door.

Startups & Venture

Firmus Is Said to Explore Raising $3 Billion After Shelving IPO

A hyperscale data center operator walking away from one of Australia’s largest prospective IPOs to chase $3 billion in private capital says more about capital structure than demand—AI infra is still bankable, but operators want flexibility over quarterly scrutiny. If you’re building in this stack, assume private rounds and structured deals, not public markets, will fund the next build cycle.