Thursday, July 29, 2021

As China expands oversight, Tencent's value dropped 23% in July, erasing ~$170B; nine of the top 10 losers in shareholder value in July were Chinese companies (Bloomberg)

Bloomberg:
As China expands oversight, Tencent's value dropped 23% in July, erasing ~$170B; nine of the top 10 losers in shareholder value in July were Chinese companies  —  - Tech giant is set to see its worst month ever after selloff  — Nine of top 10 market value losers in July are Chinese firms



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...