983 days ago
The index, which was launched for investors to get exposure to China's tech, is now the worst-performing index in the domain this year. The index was up 59% after its one-year anniversary, but has since then seen $551 billion in market value wiped out as regulatory pressures fell from the sky. Source: Bloomberg
986 days ago
The 2020 Olympics will take place in Tokyo, but behind close doors as Japan recorded 3,000 daily cases this week with less than 23% of the population vaccinated. Host cities usually bear high costs. Last time than Japan was the host for the 98 winter games, costs were relatively low at $2.2 billion, but for this year, they're expected to pay $28 billion. Overbudgeting has pushed up the costs drastically, and the country might not reap the financial benefits of hosting such an event with sanitary restrictions, even if those often only ease the cost of the event without making it profitable. Source: Statista, Nikkei, Forbes, Asahi
986 days ago
The time that customers need to wait between ordering a chip and getting it delivered to them keep increasing. It now almost takes 20 weeks to be delivered on average. Source: Bloomberg, Susquehanna Financial Group
986 days ago
Among the top 20 US companies, the average P/E ratio is at 32x. Shopify seems to fetch the most lofty valuation with a multiple of 341, while Intel and Cisco are only at 13x and 16x, respectfully. Source: Drew Dickson
986 days ago
The UK's fintech scene remains as vibrant as ever. Venture funding in the UK is at records levels, with $5.7 billion in venture capital invested across 317 deals in the first half of 2021. This is a leap up from previous years - in 2020 VC funding sat at $4.3 billion and in 2019 at $4.6 billion. Source: Lex Sokolin
