Xiaomi, the Chinese smartphone maker, said it will invest up to $10 billion over the next decade to make electric vehicles, the latest Chinese tech giant to make the pivot to cars. Lei Jun, the founder of the Chinese smartphone maker, will head the new electric vehicle unit, entering a field crowded with competitors including Tesla. Xiaomi is the latest electronics maker to make the move...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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