Friday, May 31, 2024

Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting a divest-or-ban law (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Sources: TikTok pauses plans to launch its e-commerce business in major European markets to focus on growth in the US where it's fighting a divest-or-ban law  —  - ByteDance halts plan to roll out shopping from Spain to Italy  — Company aims to entrench itself in its most lucrative market



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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;...