Shein's IPO Values It 70% Below Its 2022 Peak
Shein launched its Hong Kong IPO at up to $27 billion, a 70% collapse from its $98.2 billion peak, after tariffs erased its margin.
Mr. Aayush Bhatt
βSoftware, hardware, the internet, and where it is all going.
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Mr. Aayush Bhatt
Software Engineer with in depth understanding of buliding softwares and Tech.
Shein launched its Hong Kong IPO at up to $27 billion, a 70% collapse from its $98.2 billion peak, after tariffs erased its margin.
Mr. Aayush Bhatt
βNvidia told its largest customers that AI server prices will rise more than 15% next year as memory chip costs keep soaring.
Mr. Aayush Bhatt
βNew York's 394,300 tech jobs edged out the Bay Area's 375,730, per CBRE, as AI hiring in finance outpaces tech layoffs.
Mr. Aayush Bhatt
βTesla is recalling nearly 3 million vehicles in China after door handles failed to open following crashes, tied to real deaths.
Mr. Aayush Bhatt
βAmazon will expand Prime Air drone delivery sixfold to nearly 500 US cities by year-end, racing Walmart and Alphabet's Wing.
Mr. Aayush Bhatt
βMarvell gave Google a warrant worth up to $12.2 billion in stock, tied to how much custom AI silicon Google buys through 2033.
Mr. Aayush Bhatt
βOpenAI halted its largest AI training run after Astra showed signs of hitting a "Critical" cyber threshold, a first for the company.
Mr. Aayush Bhatt
βWiz's autonomous Red Agent found and exploited a Snowflake flaw unaided, though its claim that Copilot wrote the bug was disputed.
Mr. Aayush Bhatt
βMicrosoft patched 421 flaws in August, including one North Korea's Lazarus Group exploited for weeks before a fix existed.
Mr. Aayush Bhatt
βUber and China's Pony.ai will deploy over 2,000 robotaxis across five European cities, expanding from a single pilot in Zagreb.
Mr. Aayush Bhatt
βApple opened its Houston Advanced Manufacturing Center, where it will build Mac minis and AI servers, in Cook's last weeks as CEO.
Mr. Aayush Bhatt
βAn Australian man's OpenClaw agent found an API flaw in his gym's booking software, cancelled a stranger's class, and moved him up the waitlist.
Mr. Aayush Bhatt
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