PDD Holdings’ stock plunged 25 per cent on Monday after it warned of uncertainty ahead and downward pressure on profits amid increasing competition, despite reporting record revenue for the second quarter. The parent company of domestic online e-commerce platform Pinduoduo and cross-border retailer platform Temu saw its revenue reach a record 97 billion yuan (US$13.6 … Read more
Elon Musk’s social media platform X, formerly known as Twitter, has disclosed the identities of nearly 100 investors who supported Musk’s 44 billion USD acquisition of the platform in October 2022, according to a report by the Washington Post which added that this was a result of a US federal judge’s order. This revelation follows a United … Read more
Opinions expressed by Entrepreneur contributors are their own. With U.S. venture capital fundraising at a 6-year low, raising investor capital for your startup has become more challenging than ever. Potential investors are tightening their budgets and adopting a “wait and see” approach before putting their capital at risk. Yet, some of the best startups — … Read more
As AI technology and programs like ChatGPT evolve, the way venture capitalists think about investing in startups is changing. Investor Leah Solivan, the founder of freelance marketplace TaskRabbit, which sold to Ikea in 2017, has been working as a venture capitalist for the last eight years. She currently works with startups building AI products as … Read more
Canada’s foreign affairs minister and the consul general in New York did not influence or direct the purchase of a luxury $9 million residence in the city, a Commons committee was told Wednesday. MPs also heard that the property, which will serve as the official residence for the consul general of Canada in New York, is 50 … Read more
Opinions expressed by Entrepreneur contributors are their own. While AI has been in existence since the 1950s, it has only just recently become a household name with the introduction of OpenAI’s ChatGPT less than two years ago. As an investor in both OpenAI and xAI, I continuously ask myself the ethical ramifications of this new … Read more
New Delhi: Showcasing robust investor confidence, India Inc saw impressive 195 deals worth $8.4 billion in the month of July, a 16 per cent jump in volumes, a report said on Tuesday. Private equity (PE) deal activity continued to lead the volumes for the month, contributing to 57 per cent of the overall volumes while … Read more
New Delhi: As the financial landscape in India witnesses a significant shift, the mutual fund ecosystem has played a crucial role in this transformation, stepping up remarkably to earn the trust of Indian investors, the Securities and Exchange Board of India (SEBI) said on Friday. Addressing industry chamber Assocham’s ‘16th Mutual Fund Summit’ in the … Read more
Opinions expressed by Entrepreneur contributors are their own. Navigating a startup’s IPO process is a crucial moment for any company. As a late-stage VC investor, I’ve invested in several companies through this challenging phase. Here, I’ll share my key strategies and actionable advice for balancing innovation with compliance to ensure a successful public offering. 1. … Read more
U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 was rallying by 1.6 per cent in midday trading and on track to break a brutal three-day losing streak. It had tumbled a bit more … Read more
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