Chinese online fashion retailer Shein has shifted some of its key assets to a Singapore-registered company, and its CEO has become a permanent resident of Singapore, in moves that could pave the way for an initial public offering in the U.S., Reuters reported. Shein’s Singapore entity now operates the company’s global website and owns some China-based entities and trademarks, according to...
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Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits. Amazon granted 138 million restricted stock units to employees in the second quarter, as the chart above shows—an 82% increase from the number of restricted shares for employees it issued during the same period...
Microsoft Lays Off 200 People in Family-Focused App Business Amid Broader Belt-Tightening
Unity Announces China Joint Venture With Partners Including Alibaba, ByteDance
Former Twitter Employee Convicted of Spying for Saudi Arabia
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