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Samsung’s Profit Beats Forecast Amid Hopes for Chip Recovery

By Juro Osawa
· · Source: The Information

Samsung said its operating profit for the fourth quarter of last year likely dropped 34% from a year earlier, reporting a figure that was better than expectations. Samsung’s stock rose Wednesday morning on hopes that the worst may be over for the company’s chip business. The key question is whether 2020 will be a better year for the global semiconductor market than 2019, when memory chip prices...

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Venture Capital Asia
TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin · Sept. 20, 2020 2:39 PM PDT

Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape. 

Another key point: Zhang Yiming, the CEO of ByteDance, parent company of the China-based viral video app TikTok, could become the new entity's ...

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