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Shein, the prominent quick-fashion retailer, is contemplating reducing the investment cost for some late-stage investors as it seeks an initial public offering (IPO) at a decreased valuation. This information has been revealed through filings at the Hong Kong…
Shopify, the renowned Canadian e-commerce platform, has projected a positive outlook for its quarterly revenue. This forecast comes amidst no apparent reduction in consumer demand and the impressive resilience of merchants on the platform despite prevailing…
French luxury powerhouse LVMH may have the ability to increase prices on their premium products by 2-3% annually without significantly impacting demand. This insight comes from the company’s deputy CEO, Stephane Bianchi, who shared the information during a…
Tesla’s shares closed 2% lower on Thursday as a three-for-one stock split announced by the world’s most valuable automaker to woo retail investors came into effect. The stock opened at $302 and closed at $296.07 as the split allowed investors to get two…
Around a decade back, HTC was one of the biggest smartphone makers in the world but has almost sunk into oblivion in recent times. The company never announced a retreat from the market, and even though it scaled back operations after selling a chunk of its…
Facebook’s parent company Meta is currently undergoing one of the biggest stock price drops in the company’s history. Meta’s shares plummeted by more than 23% over the past 24 hours—which will ultimately result in Meta’s market cap crashing down by $210…
Yesterday we told you that Facebook parent Meta said that Apple’s App Tracking Transparency (ATT) feature, which allows iOS users to opt-out of being tracked for the purposes of receiving custom online ads, will cost Meta $10 billion in revenue this year.…
Tesla Inc’s shares started the year with stellar gains after the electric carmaker reported record deliveries for the fourth quarter, allaying fears of supply chain woes that have hit automakers. Shares of the world’s most valuable carmaker ended up 13.5% at…
Tesla CEO Elon Musk offloaded a combined $6.9 billion worth of shares in the electric car company this week, taking advantage of a meteoric rally that vaulted the firm’s value to over $1 trillion. The billionaire sold 1.2 million shares held by his trust for…
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust sold nearly 3.6 million…
When the CyberTruck was unveiled for the first time in 2019 it had these cameras which doubled as side-view mirrors. But at the time many believed that the regulators aren’t going to allow Tesla to pull off this stunt. So more recently, the car was indeed…
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse,…
Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed. Online sales accounted for 19 percent of…
The board of budget carrier Vietjet has approved a proposal to sell 17.7 million treasury shares equivalent to 3.28 percent of its charter capital. It would help fund expansion and preparations for recovery after the pandemic this year, the airline said.…
LVMH chairman Bernard Arnault will buy a stake in Arnaud Lagardere’s publishing and media group Lagardere Capital & Management (LCM). The transaction between the two French billionaires is expected to see Arnault pick up about a quarter of LCM’s share…
Following the relaxation of foreign ownership limits in China, Nomura will seek to launch its joint venture operation in China within 2019 and shares its strategy and view on the market. According to Nomura Securities, its new 51 percent-owned joint venture…
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