Mogu, a Chinese fashion e-commerce app backed by Tencent, is now targeting a $2 billion valuation in its U.S. initial public offering, lower than the $3 billion price tag in its last fundraising two years ago, Bloomberg reported. The new valuation target is also half of Mogu’s previous IPO valuation target of $4 billion back in April, according to Bloomberg. The steep decline in Mogu’s...
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Reality Check Facebook AR/VR
TI Reality Check: Better Optics and an HTC Teaser
HTC has started promoting new VR hardware as though it’s teasing the next Marvel movie. On Friday, the company tweeted out a partial image of something that looked like a new VR headset (HTC later cheekily confirmed that’s exactly what it was). Today, the company also announced a new event called ViveCon 2021—most likely a developer-focused VR conference—that will happen...
US Senator Josh Hawley Proposes ‘Dominant Digital Firm’ Label in New Antitrust Bill
Beijing Tightens Control Over Ant Group in Major Restructuring
Microsoft to Buy Nuance Communications for $16 Billion
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