Aggi Cantrill / Bloomberg:
Russia's invasion of Ukraine boosted European investments in dual-use tech like autonomous drones, rockets for satellites, and more — European tech companies that work with the defense industry, long an investment taboo for many venture capital firms, are drawing record amounts of funding in the wake of Russia's invasion of Ukraine.
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Sunday, January 8, 2023
Russia's invasion of Ukraine boosted European investments in dual-use tech like autonomous drones, rockets for satellites, and more (Aggi Cantrill/Bloomberg)
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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)
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