JPMorgan Chase’s March analyst reports that described China’s internet sector as “uninvestable” were published due to an error, according to Bloomberg. The March 14 reports, written by JPMorgan tech analyst Alex Yao and his team, helped fuel more selloffs of Chinese internet stocks. Even though JPMorgan’s editorial staff had requested that the word “uninvestable” be removed from the reports...
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How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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