Thursday, January 11, 2024

PitchBook: VC investment in the crypto industry totaled $9.5B in 2023, less than a third of 2022; CryptoSlam says NFT sales fell 63% to $8.7B in 2023 (Hannah Miller/Bloomberg)

Hannah Miller / Bloomberg:
PitchBook: VC investment in the crypto industry totaled $9.5B in 2023, less than a third of 2022; CryptoSlam says NFT sales fell 63% to $8.7B in 2023  —  A disastrous 2023 for crypto startups hasn't dissuaded true believers.  —  Cryptocurrency startups had a brutal 2023 …



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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...