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Trendyol Seeks Over $1 Billion to Be Largest Turkish Startup

Trendyol Seeks Over $1 Billion to Be Largest Turkish Startup Bloomberg 1 hr ago Ercan Ersoy and Myriam Balezou (Bloomberg) Turkish e-commerce firm Trendyol, which is backed by Chinese online giant Alibaba Group Holding Ltd., is seeking to raise more than $1 billion in a deal that could make it the country’s largest startup, people familiar with the matter said. Popular Searches Trendyol is aiming for a valuation of at least $15 billion in the new round, the people said, asking not to be identified because the information is private. The fundraising is aimed at investors in the U.K. and the U.S. as the company looks to expand its international footprint, the people said.

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China is probing Ant s speedy listing process after halting IPO

China is probing Ant s speedy listing process after halting IPO Lulu Yilun Chen, Bloomberg News China Tells Ant to Become Financial Holding Firm in Overhaul VIDEO SIGN OUT Chinese authorities are probing the speed with which Ant Group Co.âs ill-fated listing was approved, according to people familiar with the matter. The investigation, being carried out by officials from multiple agencies, has for several months inquired into the process by which Chinaâs securities regulator approved the public offering, the people said, asking not to be identified discussing a sensitive matter. Among questions being explored by the probe are why Antâs IPO was fast-tracked, if the company made sufficient disclosures and whether it received preferential treatment in the allocation of its stock code, they said.

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Starbucks Corporation (NASDAQ:SBUX), Alibaba (NYSE:BABA) - 4 Analysts Raise Their Cups To Starbucks Latest Earnings Report

Share: Analyst reaction to Starbucks Corporation’s (NYSE: SBUX) FYQ2 earnings was mostly positive, with specific praise for the quarterly expansion of its membership program and its mobile ordering capacities. The Numbers: For the quarter ending March 28, Starbucks recorded $6.6 billion in revenue, up 11.2% from $5.9 billion in the same period one year earlier. Net income came in at $659.4 million, or $0.56 per share, a significant rise from the $328.4 million, or $0.28 cents per share, from the previous year. U.S. same-store sales during the quarter were up by 9%, bringing the company to its pre-COVID-19 pandemic levels, with the average ticket up 21% although store traffic was down by 10% year-over-year.

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China probes Ant s speedy listing process after halting IPO

China probes Ant s speedy listing process after halting IPO
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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Turkish Startup Trendyol Aims to Raise Over $1 Billion

Turkish Startup Trendyol Aims to Raise Over $1 Billion
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Demet mutluCelik fabrikalariEregli demirAlibaba group holding ltdHarvard business schoolZynga incEbay incCitigroup incBloomberg top tierஅலிபாபா குழு வைத்திருத்தல் லிமிடெட்ஹார்வர்ட் வணிக பள்ளிஈபே இன்க்சிட்டி குழுமம் இன்க்சிட்டி குழுமம்