China’s senior officials have objected to proposed punishments for Didi Global submitted by the country’s internet regulator and asked for revisions, creating more uncertainties in the troubled ride-hailing giant’s future plans, Bloomberg reported. Last weekend, Didi said it would hold a shareholder vote on May 23 to approve its delisting from the New York Stock Exchange. The company has no...
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How Stitch Fix Fumbled a Make-or-Break Pivot
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle. The retailer, which is best known for sending customers five-piece boxes of clothes and accessories picked out by stylists, hoped to broaden its appeal by using algorithms to recommend items for people to buy directly online. But a...
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