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Live streamers from China are focusing on TikTok sales to consumers in the US and Europe-thumnail

Live streamers from China are focusing on TikTok sales to consumers in the US and Europe

Despite doubts about the platform’s future in the US and other countries, live streamers from China have focused on TikTok users in the US and Europe, peddling anything from bags and clothing to crystals with an eye on a potentially profitable market.

Business

Jul 19, 2023

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue-thumnail

PharmEasy’s parent company planning to raise Rs. 2000- 3000 crore through rights issue

PharmEasy’s parent company, API Holdings, has set its sights on generating capital through a rights issue valued between Rs 2,000 to Rs 3,000 crore. If current shareholders choose not to

Industry

Jul 18, 2023

Tesla’s board has agreed to settle a shareholder lawsuit for $735 million-thumnail

Tesla’s board has agreed to settle a shareholder lawsuit for $735 million

In order to resolve a lawsuit brought by the shareholders, Elon Musk-led Tesla’s board of directors will pay back $735 million to the business, which is equal to the value of 3.1 million Tesla stock options. Additionally, Tesla directors have agreed that they would not be paid in 2021, 2022, or 2023 while the board also changes how remuneration is decided.

Business

Jul 18, 2023

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings-thumnail

Insurance startup RenewBuy raises $40 million in funding from Dai-ichi Life Holdings

As part of its ongoing Series D round, insurtech startup RenewBuy has successfully raised $40 million from Dai-ichi Life Holdings, Inc. This Indian company stands out for its ability to

News

Jul 18, 2023

China AI Chip Company Seeks IPO in Hong Kong in 2023-thumnail

China AI Chip Company Seeks IPO in Hong Kong in 2023

Shanghai Biren Intelligent Technology Co., a startup in the Chinese semiconductor industry, is reportedly exploring an IPO in Hong Kong as early as this year in order to cash in on a surge of local customers switching to its AI chips as an alternative to Nvidia Corp. silicon that has been outlawed.

Artificial Intelligence

Jul 18, 2023

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats-thumnail

Brian Armstrong, CEO of Coinbase, will speak with US House Democrats

Brian Armstrong, the CEO of Coinbase, will speak on the future of digital asset legislation during a private meeting with a group of Democrats from the US House of Representatives on Wednesday morning.

Business

Jul 18, 2023

TSMC Expected to Report 27% Decline in Q2 Net Profit, but Analysts Predict Recovery-thumnail

TSMC Expected to Report 27% Decline in Q2 Net Profit, but Analysts Predict Recovery

Taiwanese chipmaker TSMC (Taiwan Semiconductor Manufacturing Co Ltd) is anticipated to announce a 27% decrease in net profit for the second quarter of the year.

Business

Jul 18, 2023

China will appoint Unicom CEO Liu Liehong to lead a new data bureau-thumnail

China will appoint Unicom CEO Liu Liehong to lead a new data bureau

According to Reuters, Liu Liehong, 54, a veteran of electronics and information technology who now serves as the chairman of China Unicom, will take over the National Data Bureau in the coming days.

Business

Jul 18, 2023

With 70% less investment, startups in India seek to reduce the burn rate-thumnail

With 70% less investment, startups in India seek to reduce the burn rate

With a 70% decline in investment since FY22, Indian entrepreneurs are experiencing a financial winter, requiring them to reduce the burn rate and accelerate their route to profitability. According to Redseer’s examination of 100 unicorns, the number of profitable unicorns will increase from 30 in FY22 to 55 in FY27. 

News

Jul 18, 2023

Bollywood: The Business of the Indian Film Industry-thumnail

Bollywood: The Business of the Indian Film Industry

The Indian film industry, often known as Bollywood, is one of the most prominent film industries in the entire world. Bollywood has stolen the hearts of millions of people within and beyond the borders of India thanks to its rich heritage, diversity of traditions, and unique blend of sensations.

Entertainment

Jul 18, 2023

US semiconductor industry urges Biden to refrain from more China curbs-thumnail

US semiconductor industry urges Biden to refrain from more China curbs

According to Al Jazeera, President Joe Biden’s administration was urged by the US Semiconductor Industry Association to “avoid adding new restrictions on chip sales to China.”

Business

Jul 18, 2023

Shark Tank India’s famed Flatheads was acquired by Fashion startup Styched-thumnail

Shark Tank India’s famed Flatheads was acquired by Fashion startup Styched

Youth fashion company Styched has strategically acquired casual sneaker startup Flatheads with the goal of solidifying its position, as a player in the fashion industry. Flatheads is known for its expertise, in sneakers while Styched operates with a unique approach that eliminates waste, inventory, and warehousing. This acquisition will bolster Styched’s sneaker collection. Broaden its reach in the market.

Business

Jul 17, 2023


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