Sources: Meta offers to buy up to 49% of Nat Friedman and Daniel Gross' VC firm NFDG, which has invested about half of its first fund of ~$1.1B, raised in 2023
Yuliya Chernova / Wall Street Journal :
Amazon issues refunds for returns as far back as 2018; CFO Brian Olsavsky said on May 1 that Amazon took a ~$1.1B charge over “some historical customer returns”
Amazon.com Inc. customers are suddenly getting refunds for products they purchased and returned as far back as 2018 …
MicroStrategy bought 11K bitcoin for ~$1.1B from January 13 to 20, at an average of $101,191 per BTC, taking its holding to 461K, worth $48B+, or 2%+ of supply
- MicroStrategy has purchased another 11,000 BTC for approximately $1.1 billion at an average price of $101,191 per bitcoin.
Industry insiders hope the success of Black Myth: Wukong, which earned ~$1.1B from nearly 25M copies, will rekindle Chinese gaming investments after a crackdown
“Ahmad said that Black Myth: Wukong's release showed how China had learnt how to tool up for bigger games.” — www.ft.com/content/24d3... X: Bruno Maçães / @macaesbruno : “The biggest difference is t...
Industry insiders hope the success of Black Myth: Wukong, which earned ~$1.1B from ~25M copies sold, will rekindle Chinese gaming investments after crackdowns
As Beijing eases regulations, developers are tooling up to produce big-budget titles with international appeal Bluesky: @zhugeex.com . X: @macaesbruno Bluesky: Daniel Ahmad / @zhugeex.com : I'm quoted...
Huawei reports Q3 revenue up 15.6% YoY to ~$23.7B and net profit down 70.5% YoY to ~$1.1B, a sign that the company may be struggling with its chipmaking yield
Bloomberg :
JD.com reports Q3 revenue up 1.7% YoY to ~$34B and net income up 33% YoY to ~$1.1B, helped by a better performance in its main business lines and cost controls
Ben Otto / Wall Street Journal :
Nikon reports Q1 revenue up 8.6% YoY to ~$1.1B, profit down 78.6% YoY to ~$23M, and shipping four lithography machines, vs. eight in 2022; NINOY drops 5%+
- Nikon supplies mature chipmaking machines to Intel, TSMC — Chip industry sales have been hit by glut, economic headwinds
Baidu reports Q4 revenue down 1% YoY to ~$4.8B, beating estimates, net income up 189% YoY to ~$718M, iQiyi revenue up 3% YoY to ~$1.1B, and a $5B share buyback
Zheping Huang / Bloomberg :
Sources: Indonesia's GoTo raises ~$1.1B in its IPO at 338 rupiah per share; 10 other companies have raised about $172M through Jakarta IPOs in 2022, up 30%+ YoY
Bloomberg : Tweets: @markets Tweets: @markets : GoTo, an Indonesian startup giant, formed by the combination of ride-hailing company Gojek and e-commerce firm PT Tokopedia, raised about $1.1 billion,...