Thursday, May 19, 2022

Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2 (Wall Street Journal)

Wall Street Journal:
Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2  —  Buy-now-pay-later startup, valued last year at $46 billion, could see its valuation fall by one-third in a tough environment for tech companies



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...