Stitch Fix raises $120m from IPO The online personal shopping service began trading on the Nasdaq stock exchange at a share price of $16.90. The business operates a subscription box model in which customers pay to receive regular shipments of goods. Read more.

Spotify becomes latest tech company to commit to London after Brexit The streaming giant is planning to double its current 200 staff in the UK over the next two years. The roles will have a particular focus on research and development. Read more.

TransferWise sees revenue more than double as it reaches profitability The international payments business said revenue in the fiscal year through March 2017 had more than doubled to £67m, while adjusted operating profit came in at £2m. The London-based startup now has over two million users. Read more.

Just Eat’s acquisition of Hungryhouse receives competition approval The Competition and Markets Authority found that the £200m takeover did not raise competition concerns. It stated that the likes of Deliveroo, UberEATS and Amazon offer significant and growing competition to Just Eat. Read more.

Tencent reports fastest revenue growth in seven years The Chinese technology conglomerate announced a 61% rise in third-quarter sales, driven in part by advertising and the popularity of its hit game Honour of Kings. The business's social network WeChat is now on almost a billion smartphones in China. Read more.

Online car rental marketplace Drivy launches in the UK The French startup allows people to list their car so that other users can rent it and bring it back later. The business currently has 1.5 million users in France, Germany, Spain, Austria and Belgium. Read more.