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Pfizer Inc. (NYSE: PFE),
Alibaba Group Holding Ltd (NYSE: BABA), tech titans
Amazon.com, Inc. (NASDAQ: AMZN) and
Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) along with the oil giant
Exxon Mobil Corporation (NYSE: XOM). Besides Pfizer, we re also in for other healthcare earnings update from
Sanofi SA (NASDAQ: SNY),
Regeneron Pharmaceuticals Inc (NASDAQ: REGN),
Merck & Co., Inc. (NYSE: MRK) and
Bristol-Myers Squibb Co (NYSE: BMY).
We will also get a glimpse at the social media world with
Snap Inc (NYSE: SNAP) and
Pinterest Inc (NYSE: PINS) fourth-quarter reporting after the closing bell on Thursday, along with digital payments universe updates from
Published on: Sunday, January 31, 2021
By: Assif Shameen
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FEW could have predicted the disruption wrought by the coronavirus in 2020. Indeed, when the virus first began to engulf the world last March, nobody was bold enough to forecast how the pandemic was about to become an accelerant for technologies and tech firms around the world.
Crises tend to have a transformative effect on societies. Covid-19 merely helped accelerate changes that were already in the making from the rise and rise of e-commerce platforms such as Amazon.com, grocery delivery services such as DoorDash as well as digital payment platforms such as Square’s Cash App, PayPal’s Venmo and digital or telehealth providers such as Teladoc Health.
TikTok rival’s $5.4 billion IPO draws big investor following
The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin.
(AP)
Joanne Chiu,
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Chinese short-video app operator Kuaishou Technology will raise $5.4 billion from its Hong Kong listing, hitting its maximum fundraising target after meeting strong investor demand.
The initial public offering is set to be the world’s largest in more than a year, and will value the company at nearly $61 billion. Kuaishou, which is backed by Tencent Holdings Ltd., competes with ByteDance Ltd., the Chinese company behind TikTok and its sister app Douyin.
Alibaba’s projected to unveil its slowest pace of third-quarter sales growth in five years on Feb. 2 while it confronts potentially the biggest crisis of its two-decade existence. Uncertainty began in November when regulators first torpedoed Ant Group Co.’s record initial public offering, then launched a probe into the e-commerce firm. Alibaba shares have dropped 16% since Ant’s aborted debut, the worst performance on Hong Kong’s benchmark Hang Seng Index. That’s in stark contrast to arch foe Tencent Holdings Ltd., which had briefly neared a $1 trillion valuation after its stock reached new highs this week.
Ma’s company, once the standard-bearer for China’s fast-rising private firms and booming internet sphere, now faces penalties of as much as 10% of its revenue or some $7.8 billion if it’s found to have abused its market dominance. Executives may also face questions about how a possible crackdown on sister company Ant may hurt its outlook, given the latter firm pro
The Chinese giant is projected to unveil its slowest pace of third-quarter sales growth in five years on Tuesday, while confronting potentially the biggest crisis of its two-decade existence.