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SoftBank sinks 10% — did selling Nvidia to fund a cash furnace just backfire big?SoftBank’s shares fell 10% after it sold all its Nvidia stock to fund new AI projects. The company is betting big on artificial intelligenc...- Today’s US stock market gains: Dow, S&P 500, Nasdaq rise as Trump tariffs, inflation data shape investor movesUS stocks rose as Dow, S&P 500, and Nasdaq gained after inflation data met expectations. Investors watched Trump’s new tariffs on drugs, fu...
- Battery makers are charging up; Amazon to acquire AxioTwo major battery manufacturers have plans to set up plants in India. This and more in today’s ETtech Morning Dispatch.
- TikTok's boss goes from reserved tech executive to Met Gala chairAmazon founder Jeff Bezos appeared as the ball's honorary chair in 2012. Four years later, when Apple was a Met Gala sponsor, its CEO, Tim ...
- SoftBank’s India portfolio value rises 9% to $14 billionSoftBank swung into profits for the first time in five quarters with a net profit of over $6 billion for the three months ended December, a...
- Alibaba considers yielding control of some businesses in overhaulGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually launch ...
- Alibaba to decide on control over new business units after IPOsGroup CEO Daniel Zhang said the company's breakup into separate businesses will allow its units to become more agile and eventually list on...
- TikTok’s future hangs in balance amid possible US ban & other top tech stories this weekEarlier this week TikTok said it has more than 150 million monthly users (nearly half the population) in the US, up from 100 million just a...
- Tech earnings a mixed bag in Q3 & other big stories this weekMost of the listed tech companies have seen stock valuations halve as investors dumped them in favour of established businesses.
- TikTok owner ByteDance appoints lawyer Julie Gao as new CFOGao, currently a Hong Kong-based capital markets attorney at law firm Skadden, will be based in Hong Kong and Singapore once she joins Byte...
- Alibaba pledges overseas e-commerce focus as its China growth slowsEarlier this month, Alibaba Group Holding Ltd restructured its e-commerce business into separate China and international divisions, with th...
- D2C brands make hay; Razorpay eyes $6 billion valuationD2C brands have been on fire since the pandemic forced shops and malls around the world to shut down early last year.
- ByteDance founder Zhang Yiming steps down as chairmanByteDance New CEO Liang Rubo, who announced a major organisational restructuring at the TikTok parent, will take on the role of chairman fr...
- Tech firms face record attrition; Delhivery files for IPOWith tech jobs seeing unprecedented demand owing to the pandemic and record fundraising by startups, attrition rates are at their highest i...
- ByteDance to reorganize, CFO steps down to focus on TikTokThe move comes after ByteDance shelved its plan to go public in April and said it had no imminent plans for an initial public offering. It ...
- A tale of two IPOsIn today's ETtech Morning Dispatch: Mobikwik files for IPO while Paytm gets shareholders nod for IPO, Flipkart's valuation jumps to $37.6 b...
- TikTok names ByteDance CFO Shouzi Chew as new CEOChew, who is based in Singapore and was named CFO of TikTok parent company ByteDance in March this year, will continue in that role
- Back with alternative capital, Private Equity funds open doors to fresh talentPrivate equity, the emerging preferred source of alternative capital for Indian businesses is finally seeing green shoots of revival, month...
- Months after the onset of covid-19, private equity funds are finally seeing green shootsFunds such as Warburg Pincus, Sequoia, Creador, Multiples Alternate Asset Management, Apax Partners, Bain Capital, Kedaara, ChyrsCapital, A...
- TikTok owner ByteDance aims to build global reach before IPODiscussions around an eventual IPO come at a time when ByteDance needs new engines of growth with TikTok on the wane as global downloads of...
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