Thursday, August 18, 2022

Flipkart Ventures to invest in 6 early-stage tech startups

Flipkart Ventures, the $100 milion venture fund set up by Flipkart, announced to invest in six early-stage tech startups as part of its accelerator programme. https://ift.tt/wmKs54N

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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...