1003 days ago
The Cyberspace Administration of China asked Didi Global Inc. to delay its IPO due to concerns regarding its data which is exposed to falling into foreign hands. This delay caused by the scrutiny of its activities plummeted Didi's shares.
1003 days ago
China's technology sector concerns investors, leading to a volatile Asian share market. Tech regulations and policies are being tightened which weighs on the cloud sentiment over the Asian market. Moreover, the investigation ordered by the Cyberspace Administration of China into Didi Global Holdings contributed to the overall worries on the tech sector.
1004 days ago
Right at the time when Jeff Bezos decides to leave his role of company CEO, it is interesting to look back at Amazon's past years. And it is quite impressive. The company was founded almost 25 years ago on July 16th, 1995. First, it claimed to be "earth's biggest bookstore". If that seemed presumptuous, it should not have: Amazon is now not only the biggest bookstore in the world, it is simply, the biggest store in the world, period. Bezos continuously decided to sacrifice short-term gains for long-term growth, with a 70 years road map ahead. This long-term strategy has paid off big time, turning Amazon into a $1.7 trillion company.
1004 days ago
If green-lit during a shareholder meeting slated for July 12, the digital payments startup will have the option of raising that target to as much as roughly $2.6 billion, per regulatory guidelines. The board has decided to start smaller and could increase the size depending on investor momentum.
1004 days ago
According to the Boston Consulting Group, investment in Deep Tech will grow to about $140 billion by 2025 on a conservative basis, and if they follow a more bullish path taking into account new developments, narratives, funding structures and a more positive mindset overall, it could surpass $200 billion in the same period.
