Chinese e-commerce company Pinduoduo on Tuesday reported its first-ever quarterly net profit as revenue jumped 89%. But at the same time, the company said it would donate a total of 10 billion yuan ($1.5 billion) to China’s agricultural industry by giving away its quarterly profits until it reaches the donation target. As Pinduoduo and other Chinese internet giants grapple with Beijing’s...
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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
South Korea’s Mirae Asset Management Led $250 million SpaceX Investment
Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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