Chinese e-commerce app Pinduoduo reported revenue that was weaker than analysts’ expectations, and the company’s Nasdaq-listed stock dropped 6% Monday. Pinduoduo said its revenue for the fourth quarter rose 3% to about $4.27 billion. The slowing growth comes as China’s internet giants are grappling with the country’s economic slowdown and Beijing’s continued regulatory crackdown on the...
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The Briefing markets startups
Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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