Sunday, May 3, 2020

Private equity firm Silver Lake to invest Rs 5,655.75 crore in Reliance Jio Platforms

In April, US social networking giant Facebook said it will acquire a 9.9% stake in Jio Platforms for Rs 43,574 crore https://ift.tt/2W0vmuP https://ift.tt/eA8V8J

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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...