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MEITUAN LOSS FORECAST
China's ecommerce companies are getting singed by a price warThe likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-ho...- US futures, Nvidia drop after chipmaker’s outlookUS equity futures and Nvidia shares declined after a disappointing sales forecast. This raised concerns about the AI spending boom. Hong Ko...
- Asian stocks set to slide as Nvidia disappointsThe outlook threatened to cool an AI frenzy that has transformed Nvidia into the world’s second-most-valuable company. The chipmaker is the...
- Zomato’s 260% stock surge has analysts scrambling to catch upPrice target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride s...
- Tencent resumes growth, posts $21.9 billion revenue in December quarterTencent Holdings Ltd.’s revenue inched up after two quarters of contractions, fueling hopes that Beijing will again allow the world’s large...
- Swiggy raises $113 million led by Naspers, valuation stays flat at $3.3 billionThe investment comes just a few weeks after rival Zomato acquired UberEats India. UberEats India has since then ceased to exist as a separa...
- Trade war and censors blow chill wind through China's giant tech sceneNow the market is feeling the pinch. Hiring numbers are down, company margins are thinner and tumbling technology stocks have wiped nearly ...
- The big short. Bearish bets on biggest tech stocks hit $37 billionThe greater the rise, the greater the fall, so they are being targeted as the stocks to short.
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