Thursday, August 8, 2024

South Korean prosecutors charge Kakao founder Brian Kim with stock manipulation during the takeover of SM Entertainment, after Kim was arrested in July 2024 (Bloomberg)

Bloomberg:
South Korean prosecutors charge Kakao founder Brian Kim with stock manipulation during the takeover of SM Entertainment, after Kim was arrested in July 2024  —  - Prosecutors will lay out charges against Kakao founder Kim  — The case has enthralled Korea's internet and business sectors



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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...