Friday, January 6, 2023

Crypto exchange Huobi plans to lay off 20% of its ~1,100 staff, citing the "bear market"; CoinGecko: Huobi had the 8th largest exchange volume in November 2022 (Reuters)

Reuters:
Crypto exchange Huobi plans to lay off 20% of its ~1,100 staff, citing the “bear market”; CoinGecko: Huobi had the 8th largest exchange volume in November 2022  —  Crypto exchange Huobi plans to lay off about 20% of its staff, the company told Reuters on Friday …



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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...