Tuesday, August 23, 2022

Yandex announces a deal to offload its controversial news aggregator and a blog to social network VK in exchange for VK's food and grocery service Delivery Club (Bloomberg)

Bloomberg:
Yandex announces a deal to offload its controversial news aggregator and a blog to social network VK in exchange for VK's food and grocery service Delivery Club  —  Yandex NV, Russia's leading search engine, announced a binding deal to rid itself of its controversial news aggregator …



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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...