Dingdong Maicai and Missfresh, two major Chinese online grocery apps that have recently filed for U.S. initial public offerings, are targeting valuations of $6 billion and $3.8 billion, respectively, in their IPOs, Reuters reported. The valuations show how the two companies are counting on a strong investor appetite for one of the fastest-growing segments of China’s vast e-commerce market....
asia e-commerce markets
Chinese Grocery App Dingdong Maicai Targets $6 Billion Valuation in U.S. IPO
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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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