Meesho's valuation has more than doubled in less than six months to $ 4.9 billion, as a rising number of high-profile investors back the Indian social commerce business, which is growing rapidly despite the pandemic.
Go Deeper (2 min read)Hawkish Inflation Chorus
After last week's hawkish central bank chorus, ten-year Treasury rates are already up 8 basis points this week, leading a worldwide surge up in government borrowing costs.
Go Deeper (2 min read)Evergrande, the Chinese property developer, has yet to confirm whether it would make interest payments on its US-dollar bond, a critical milestone that investors have been watching.
Go Deeper (2 min read)Evergrande, The Tip Of The Iceberg?
China's most indebted property developer could fail to pay interests on its debt. The company might then default on its $ 305B in liabilities, sending shock waves through the Chinese real estate market.
Go Deeper (4 min read)An Ugly September, Again?
Investors are preparing for more market volatility in the coming weeks even if equities hoover near fresh highs after seven months of straight gains.
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Peloton's Growth Is Slowing, Cuts Prices
The fitness bike maker is expected to cut the price of its flagship bike as people head back to their local gyms and do less exercise at home. The company is also starting to shift its business mix back toward treadmill sales, which are less profitable than its cycles.
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Warby Parker's Direct Listing
Its net revenue grew to $ 394m in the most recent fiscal year yet its net loss widened to $ 56m. For comparison, its sales stood at $ 273m in 2018 and $ 273m in 2019 while its net loss reached $ 22.9m in 2018 and it broke even in 2019.
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A previous draft of the law said that tech companies must ask for the user's consent to collect its data and users can withdraw at any time. On top of this, companies can't refuse to serve users that do not opt in unless the data is necessary for the provision of the product or the service.
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Upwork, The Work Enabler
Upwork is the first online marketplace with over $100 million in United States staffing revenue, thereby ranking it among the top United States (US) staffing and talent engagement firms.
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Qt’s net sales for the second quarter amounted to EUR 33,925 thousand (EUR 18,081 thousand), up 87.6 percent. License sales and consulting grew by 119.6 percent, while maintenance revenue increased by 5.8 percent.
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Roblox Acquires Guilded
Roblox announced Monday that it acquired Guilded, a company building a chat platform for gamers. While Discord has grown beyond the competitive gaming world, Guilded has stayed focussed on it and added features such as events planning and calendars.
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