Sunday, October 6, 2024

A look at the fall of Byju's, India's most valuable startup in 2022 with an estimated $22B valuation, as it faces insolvency and lawsuits in India and the US (Financial Times)

Financial Times:
A look at the fall of Byju's, India's most valuable startup in 2022 with an estimated $22B valuation, as it faces insolvency and lawsuits in India and the US  —  Edtech company's legal battles from Delaware to Bengaluru have exposed corporate governance issues



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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...