Friday, June 14, 2019

Flipkart cash burn at $1 billion under Walmart

Walmart last week disclosed in regulatory filings that Flipkart had $1.2 billion in cash and cash equivalents on its books as of April 30, down from the $2.2 billion the Indian company held in August 2018 http://bit.ly/2WLZI1i https://ift.tt/eA8V8J
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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...