Sunday, May 3, 2020

After Facebook, Silver Lake to Invest Rs. 5,656 Crores in Reliance Jio

Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest Rs. 5,656 crores in its digital arm, giving it a valuation of Rs. 4.90 lakh crores. https://ift.tt/2Ss53eL

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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...