Nivedita Balu
Stories by Nivedita Balu
India’s Vedanta in talks to raise up to $3b debt in semiconductors push
The conglomerate formed a joint venture with Taiwan's Foxconn to diversify into chip manufacturing.
Elon Musk may be Twitter’s top shareholder after filing reveals 9% stake worth $3b
Vanguard is Twitter's second-biggest shareholder, with an 8.79% stake, according to Refinitiv data.
China’s Alibaba reports slowest quarterly revenue growth
Revenue rose about 10% to 242.6 billion yuan ($38.37 billion) in the third quarter.
Sony to buy US-based videogame developer Bungie in $3.6b deal
Bungie will join Sony's PlayStation family, the US company said.
Uber reports first operating profit as driver shortage eases
Uber forecast an adjusted profit of $25 million to $75 million for the last quarter of 2021.
Alibaba’s billionaire founder Jack Ma in Europe on study tour
Ma has been out of public view since last year after he criticized China's regulatory system.
Alibaba misses revenue estimates as e-commerce growth slows
E-commerce sales took a hit due to competition from smaller players such as JD.com and Pinduoduo.
WeWork co-founder Neumann nears settlement with Japan’s SoftBank
The settlement would put to rest a prolonged legal battle that dates back to 2019.
Luckin Coffee says inquiry against CEO finds no evidence of misconduct
Luckin has been under investigation for allegedly overstating 2019 revenue.
Walmart partners with China’s TikTok to sell merchandise while livestreaming
Viewers on TikTok can shop for fashion items featured in content from popular creators.
