Wednesday, August 26, 2020

Alibaba puts India investment plan on hold amid China tensions: Sources

China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told. This comes amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border. https://ift.tt/2QqvDDF

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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...