Sunday, May 26, 2024

How Shein and Temu, which are spending billions on digital ads and offering steep discounts or free products, have become big threats to Amazon in the US (Louise Matsakis/Big Technology)

Louise Matsakis / Big Technology:
How Shein and Temu, which are spending billions on digital ads and offering steep discounts or free products, have become big threats to Amazon in the US  —  In the fall of 2020, Amazon looked unstoppable.  The pandemic lockdowns had supercharged its e-commerce business …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...