Chinese e-commerce giant JD.com recorded the slowest sales growth in at least five years for its mid-year anniversary sales event, the latest sign of the impact from China’s strict Covid Zero policy and lockdowns, The Wall Street Journal reported. The disappointing sales figures is a harbinger of the wider domestic economic slowdown hitting China just as the rest of the world is likely to...
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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. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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