Tuesday, December 17, 2019

After a massive outcry over the police raid on Nginx Moscow offices, Rambler's board orders company execs to ask law enforcement to terminate the criminal case (Andrew Higgins/New York Times)

Andrew Higgins / New York Times:
After a massive outcry over the police raid on Nginx Moscow offices, Rambler's board orders company execs to ask law enforcement to terminate the criminal case  —  A case linked to a $670 million acquisition shows that there may be a limit to the authorities' abuse of law enforcement to advance corrupt business interests.



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...