Wednesday, September 11, 2019

Yahoo Japan agreed to issue a tender offer for a 50.1% stake in Japan's largest online fashion retailer, Zozotown; the deal will be worth up to $3.7B (Nikkei Asian Review)

Nikkei Asian Review:
Yahoo Japan agreed to issue a tender offer for a 50.1% stake in Japan's largest online fashion retailer, Zozotown; the deal will be worth up to $3.7B  —  Retailer's founder and CEO Maezawa steps down from management  —  TOKYO — Yahoo Japan plans to buy the operator of the country's largest …



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Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third straight quarter of losses amid a food delivery price war (Tracy Qu/Wall Street Journal)

Tracy Qu / Wall Street Journal : Meituan reports Q1 revenue up 5.6% YoY to ~$13.5B, above ~$13.4B est., and a ~$1B net loss, its third st...