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bloomberg.com

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Investments

2

Partners & Customers

10

About Bloomberg

Bloomberg is a source of information for businesses and professionals. They offer information via the Bloomberg Professional service and multimedia platforms. Per the company, Bloomberg's media services also cover the world with more than 2,200 news and multimedia professionals at 146 bureaus in 72 countries. Bloomberg also operates the Bloomberg Television 24-hour network which per Bloomberg reaches more than 200 million homes. The firm also operates Bloomberg Radio services which broadcast via Sirius XM Radio and 1worldspace satellite radio globally and on WBBR 1130AM in New York. They also operate Bloomberg Markets magazine, Bloomberg Businessweek magazine and the Bloomberg.com financial news and information web site.

Bloomberg Headquarter Location

731 Lexington Ave.

New York, New York, 10022,

United States

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Bloomberg Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Bloomberg Rank

Latest Bloomberg News

Yuan Surge Shows Traders’ Faith in Hands-Off Central Bank

Nov 29, 2021

5:30 AM IST, 29 Nov 2021 3:30 AM IST, 28 Nov 2021 5:30 AM IST, 29 Nov 2021 Save (Bloomberg) -- An unstoppable ascent in the yuan is signaling Beijing’s growing ease with gradually freeing up one of the world’s most tightly-managed currencies. (Bloomberg) -- An unstoppable ascent in the yuan is signaling Beijing’s growing ease with gradually freeing up one of the world’s most tightly-managed currencies. Since the yuan hit a six-year high on a trade-weighted basis on Nov. 17, the People’s Bank of China has set the currency’s daily reference rate at only mildly weaker-than-expected levels. The central bank also has refrained from delivering stronger warnings to investors following a gentle reminder of not making one-way bets. Meantime, a key yuan volatility gauge is near a two-year low, suggesting that traders aren’t bracing for sharp price swings. The composure and restraint that Beijing has demonstrated in the face of a resurgent yuan shows policy makers remain confident in their ability to prop up a slowing economy without having to rely on a cheaper currency, at least for now. It stands in stark contrast to the situation in 2015, the last time the yuan was this strong, when the PBOC shocked markets with a surprise and messy currency devaluation. “This time is different because the currency regime is more flexible,” said Eddie Cheung, senior emerging-market strategist at Credit Agricole CIB in Hong Kong. “There is now transparency around the yuan basket and markets can gauge the intentions of the PBOC, which allows the currency to be more market-driven.” The yuan has gained over 2% against the dollar this year to beat all its Asian peers, thanks to robust exports and capital inflows. The Bloomberg replica of the CFETS RMB Index, which tracks the yuan’s performance against major trading partners, has surged more than 8%. For now, there’s little to suggest that the yuan’s appreciation will slow, even as the dollar has strengthened globally amid expectations for a faster U.S. exit from economic stimulus: China’s net foreign exchange settlement on behalf of banks’ clients has been positive since the third quarter of last year, an indication of stronger demand for the yuan. Credit Agricole’s Cheung said he expects the Chinese currency to be worth around 6.30 per dollar at the end of 2022. To be sure, the PBOC could still step in to slow the yuan’s advance if it risks undermining the country’s so far resilient exports. And history shows it has an array of tools at its disposal. For instance, in early 2018, China’s central bank effectively gave banks the green light to submit quotes for a weaker yuan reference rate, causing the currency to head for its biggest drop in two months immediately afterward. Alternatively, the PBOC could also adjust the supply of dollar liquidity onshore, as it did earlier this year by asking banks to hold more foreign currencies in reserve, to cool the yuan’s rally. “The export or the trade surplus advantage will eventually diminish and China definitely doesn’t want to see the yuan being too strong,” said Bruce Zhang, portfolio manager at CSOP Asset Management Pte. Nor do the authorities want the currency to be excessively weak, he added. ©2021 Bloomberg L.P.

Bloomberg Investments

2 Investments

Bloomberg has made 2 investments. Their latest investment was in Compass News as part of their Unattributed VC on April 4, 2018.

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Bloomberg Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/11/2018

Unattributed VC

Compass News

$1M

Yes

3

4/23/2014

Grant

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$99M

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10

Date

4/11/2018

4/23/2014

Round

Unattributed VC

Grant

Company

Compass News

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Amount

$1M

$99M

New?

Yes

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Co-Investors

Sources

3

10

Bloomberg Acquisitions

14 Acquisitions

Bloomberg acquired 14 companies. Their latest acquisition was Geller & Company - CFO Services on July 07, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/7/2021

Acquired Unit

1

12/24/2020

Loan

$991

$23.62M

Acquired

5

8/13/2019

Series A

$5M

Acquired

5

1/12/2016

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$99M

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10

12/16/2015

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$99M

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10

Date

7/7/2021

12/24/2020

8/13/2019

1/12/2016

12/16/2015

Investment Stage

Loan

Series A

Companies

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Valuation

$991

Total Funding

$23.62M

$5M

$99M

$99M

Note

Acquired Unit

Acquired

Acquired

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Sources

1

5

5

10

10

Bloomberg Partners & Customers

10 Partners and customers

Bloomberg has 10 strategic partners and customers. Bloomberg recently partnered with Moneytech on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/10/2021

Client

Moneytech

Australia

Moneytech adopts Bloomberg solutions to further empower Australian businesses and accelerate growth

For participants in FX derivatives markets , integrated Bloomberg solutions FXGO , TOMS and MARS provide real time trading , execution and order management capabilities while enabling consistent , consolidated view of risk across the firm .

1

10/26/2021

Client

Mackenzie Investments

Canada

Mackenzie Investments selects Bloomberg to automate ETF management

Mackenzie Investments selects Bloomberg to automate ETF management

3

8/19/2021

Partner

Galaxy Digital

United States

Bloomberg Partners with Galaxy Digital for DeFi Benchmark

This partnership with Bloomberg and our DeFi Fund provides investors with data and tools that deliver calculated exposure to the future of financial services . ''

3

8/5/2021

Partner

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10

6/8/2021

Partner

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10

Date

11/10/2021

10/26/2021

8/19/2021

8/5/2021

6/8/2021

Type

Client

Client

Partner

Partner

Partner

Business Partner

Moneytech

Mackenzie Investments

Galaxy Digital

Country

Australia

Canada

United States

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News Snippet

Moneytech adopts Bloomberg solutions to further empower Australian businesses and accelerate growth

For participants in FX derivatives markets , integrated Bloomberg solutions FXGO , TOMS and MARS provide real time trading , execution and order management capabilities while enabling consistent , consolidated view of risk across the firm .

Mackenzie Investments selects Bloomberg to automate ETF management

Mackenzie Investments selects Bloomberg to automate ETF management

Bloomberg Partners with Galaxy Digital for DeFi Benchmark

This partnership with Bloomberg and our DeFi Fund provides investors with data and tools that deliver calculated exposure to the future of financial services . ''

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Sources

1

3

3

10

10

Bloomberg Team

24 Team Members

Bloomberg has 24 team members, including former Chief Executive Officer, Dan Doctoroff.

Name

Work History

Title

Status

Don Baptiste

Founder

Former

Dan Doctoroff

Oak Hill Capital Partners, and Lehman Brothers

Chief Executive Officer

Former

Lex Fenwick

Chief Executive Officer

Former

Alejandro Perez

Chief Executive Officer

Former

Saša Zorović

Chief Executive Officer

Former

Name

Don Baptiste

Dan Doctoroff

Lex Fenwick

Alejandro Perez

Saša Zorović

Work History

Oak Hill Capital Partners, and Lehman Brothers

Title

Founder

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Status

Former

Former

Former

Former

Former

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