Friday, May 27, 2022
Alibaba reports slowest growth yet amid COVID-19 outbreaks
The company reported a net loss attributable to shareholders of 16.24 billion yuan ($2.4 billion), more than triple the same time last year, driven primarily by decreases in the market prices of Alibaba's equity investments in publicly-traded companies. https://ift.tt/h3XBAja
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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;...
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Sohee Kim / Bloomberg : South Korean authorities are investigating a data leak at e-commerce giant Coupang that exposed ~33.7M accounts; ...
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