Meituan's decline in market value was attributed to rising competition and a slowdown in its food delivery business.
confirmed 1 article 2024-01-10
Meituan rising competition slowdown in food delivery business
Meituan's market cap fell ~60% from ~$138.2B to ~$56.4B since the start of 2023, weighed down by rising competition and a slowdown in its food delivery business
CNBC · 2024-01-10 · #34
Meituan's market capitalization fell by about 60%, from roughly $138.2B at the start of 2023 to about $56.4B.
confirmed 1 article 2024-01-10
Meituan ~$138.2B (start of 2023) ~$56.4B (current) ~60% decline
Meituan's market cap fell ~60% from ~$138.2B to ~$56.4B since the start of 2023, weighed down by rising competition and a slowdown in its food delivery business
CNBC · 2024-01-10 · #34
Overall venture funding in the MENA region dropped 23% amid a shifting landscape in 2023.
confirmed 1 article 2024-01-10
MENA region 23%
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time
Bloomberg · 2024-01-10 · #27
Saudi Arabia surpassed the UAE to hold the largest share of VC funding in the MENA region for the first time.
confirmed 1 article 2024-01-10
Saudi Arabia UAE
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time
Bloomberg · 2024-01-10 · #27
Saudi Arabia accounted for 52% of venture capital funding in the MENA region in 2023.
confirmed 1 article 2024-01-10
Saudi Arabia 52% MENA region
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time
Bloomberg · 2024-01-10 · #27
Funding for Saudi Arabian startups increased 33% year-over-year in 2023.
confirmed 1 article 2024-01-10
startups in Saudi Arabia 33%
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time
Bloomberg · 2024-01-10 · #27
Startups in Saudi Arabia raised $1.4B in 2023.
confirmed 1 article 2024-01-10
startups in Saudi Arabia $1.4B 2023
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time
Bloomberg · 2024-01-10 · #27
Mubadala, Sofina and other investors commit \u20ac60M to back the planned merger of Tier Mobility and Dott.
confirmed 1 article 2024-01-10
Mubadala Sofina other investors Tier Mobility Dott
Abramovich used Target Global special purpose vehicles to back several high-profile startups including Auto1, Delivery Hero, Circ (later acquired by Bird), and Flo.
confirmed 1 article 2024-01-10
Roman Abramovich Auto1 Delivery Hero Circ Flo
Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021
Forbes · 2024-01-10 · #24
Target Global managed tens of millions of dollars on behalf of Roman Abramovich, according to leaked documents.
confirmed 1 article 2024-01-10
Target Global Roman Abramovich
Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021
Forbes · 2024-01-10 · #24
Documents indicate Roman Abramovich quietly invested over $63 million in European startups through London-based venture firm Target Global between 2015 and 2021.
confirmed 1 article 2024-01-10
Roman Abramovich Target Global
Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021
Forbes · 2024-01-10 · #24
China chip sales rose 7.6% year-over-year in November 2023, according to the SIA.
confirmed 1 article 2024-01-10
China chip market chip sales
SIA: global chip revenue rose 5.3% YoY to $48B in November 2023, the first YoY growth since August 2022; China sales rose 7.6% YoY and Americas rose 3.5% YoY
Bloomberg · 2024-01-10 · #21
Global chip sales in November 2023 marked the first year-over-year growth since August 2022.
confirmed 1 article 2024-01-10
Global chip industry first YoY growth since August 2022
SIA: global chip revenue rose 5.3% YoY to $48B in November 2023, the first YoY growth since August 2022; China sales rose 7.6% YoY and Americas rose 3.5% YoY
Bloomberg · 2024-01-10 · #21
SIA reports global chip revenue rose 5.3% year-over-year to $48B in November 2023.
confirmed 1 article 2024-01-10
SIA global chip revenue
SIA: global chip revenue rose 5.3% YoY to $48B in November 2023, the first YoY growth since August 2022; China sales rose 7.6% YoY and Americas rose 3.5% YoY
Bloomberg · 2024-01-10 · #21
Online retailers are facing exacerbated challenges, including logistics issues and competition from new upstarts, as shoppers return to stores.
confirmed 1 article 2024-01-10
online retailers logistics new upstarts
How UK online clothes shoppers shifting back to physical stores post-pandemic exacerbated online retailers' challenges, including logistics and new upstarts
Financial Times · 2024-01-10 · #15
The return of shoppers to physical stores has left the UK's ecommerce pioneers with serious challenges post-pandemic.
confirmed 1 article 2024-01-10
UK online clothes shoppers UK ecommerce pioneers online retailers
How UK online clothes shoppers shifting back to physical stores post-pandemic exacerbated online retailers' challenges, including logistics and new upstarts
Financial Times · 2024-01-10 · #15
The pandemic turbocharged internet clothing sales in the UK.
confirmed 1 article 2024-01-10
pandemic online clothing sales
How UK online clothes shoppers shifting back to physical stores post-pandemic exacerbated online retailers' challenges, including logistics and new upstarts
Financial Times · 2024-01-10 · #15
TSMC advises cautious optimism about a semiconductor market rebound, noting the holiday period halted the declines seen in prior quarters.
confirmed 1 article 2024-01-10
TSMC semiconductor rebound
TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B
Bloomberg · 2024-01-10 · #14
TSMC reports full-year 2023 revenue down 4.5% year-over-year to approximately $69.56 billion.
confirmed 1 article 2024-01-10
TSMC
TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B
Bloomberg · 2024-01-10 · #14
TSMC reports Q4 2023 revenue roughly flat year-over-year at about $20.1 billion, beating analyst estimates.
confirmed 1 article 2024-01-10
TSMC
TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B
Bloomberg · 2024-01-10 · #14
TSMC reports December 2023 revenue down 8.4% year-over-year to approximately $5.7 billion.
confirmed 1 article 2024-01-10
TSMC
TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B
Bloomberg · 2024-01-10 · #14
Data.ai's State of Mobile 2023 reports total app downloads rose 1% year-over-year to 257B.
confirmed 1 article 2024-01-10
Data.ai app downloads 257B 1% YoY
Data.ai's State of Mobile 2023: global consumer app spending rose 3% YoY to $171B, non-game spending rose 11% YoY to $64B, and app downloads rose 1% YoY to 257B
TechCrunch · 2024-01-10 · #12
Data.ai's State of Mobile 2023 reports non-game app spending rose 11% year-over-year to $64B.
confirmed 1 article 2024-01-10
Data.ai non-game app spending $64B 11% YoY
Data.ai's State of Mobile 2023: global consumer app spending rose 3% YoY to $171B, non-game spending rose 11% YoY to $64B, and app downloads rose 1% YoY to 257B
TechCrunch · 2024-01-10 · #12
Data.ai's State of Mobile 2023 reports global consumer app spending rose 3% year-over-year to $171B.
confirmed 1 article 2024-01-10
Data.ai global consumer app spending $171B 3% YoY
Data.ai's State of Mobile 2023: global consumer app spending rose 3% YoY to $171B, non-game spending rose 11% YoY to $64B, and app downloads rose 1% YoY to 257B
TechCrunch · 2024-01-10 · #12
According to Luminate's 2023 report, Taylor Swift accounted for one in every 78 U.S. streams in 2023.
confirmed 1 article 2024-01-10
Taylor Swift US streams 1-in-78 share
Luminate's 2023 report states the global music industry surpassed 4 trillion streams in 2023, a new record and up 34% from 2022.
confirmed 1 article 2024-01-10
Luminate global music industry 4 trillion streams 34% increase from 2022
Humane plans to lower budgets in 2024 as part of cost-cutting measures.
confirmed 1 article 2024-01-10
Humane
Source: Humane laid off 10 staff, or 4% of its workforce, to cut costs and plans to lower budgets in 2024, as the company reshuffles some executive positions
The Verge · 2024-01-10 · #6
Elliott Management has built an approximately $1 billion stake in Match Group, according to sources.
rumored 1 article 2024-01-09
Elliott Management Match Group
Sources: Elliott Management has built a ~$1B stake in Match Group and plans to push the online dating company to take steps to boost its stock; MTCH jumps 5%+
Wall Street Journal · 2024-01-09 · #12
Apple lists the Vision Pro starting at $3,499 in the U.S.
confirmed 1 article 2024-01-09
Apple Vision Pro
Apple plans to ship the $3,499+ Vision Pro on February 2 in the US, after opening pre-orders on January 19 at 8am ET, with a Solo Knit Band and a Dual Loop Band
The Verge · 2024-01-09 · #3
Apple's ZEISS Optical Inserts are priced at $99 for readers and $149 for prescription lenses.
confirmed 1 article 2024-01-09
Apple ZEISS Optical Inserts
Apple plans to ship the $3,499+ Vision Pro on February 2 in the US, after opening pre-orders on January 19 at 8am ET, with a Solo Knit Band and a Dual Loop Band
The Verge · 2024-01-09 · #3