In most Western companies, the chairmanship is a functional position on a board of directors. At Huawei, it’s an honorific title that recognizes seniority and service.
The Singapore-based ride-hailing company had just landed $1 billion in funding from Toyota Motor Corp, and the deal looked a little like vendor financing.
Go-Jek’s entry offers Grab a chance to rethink its approach. It should hold fast on incentives and price both supply and demand according to sound economic principles that ensure some profit for everyone, including itself.
Not only does Xiaomi remove a competitor (albeit a not very threatening one) for next to nothing, it gets to roll out a multibrand smartphone strategy just as it’s seeking broader international appeal.
The figure that grabs all the headlines is gross merchandise value (GMV), which is the world’s most useless financial metric. An examination of the correlation between GMV and revenue shows that there isn’t one.
With so much of the Silicon Valley business model built on hopes (of big funding rounds) and dreams (of massive wealth), all it could take to disrupt the momentum is fear of a funding crunch.
Such a fast decline by two early adopters — Xiaomi and Meituan — doesn’t augur well for Hong Kong’s reputation. It already tried relaxing listing rules when it introduced the Growth Enterprise Market two decades ago.
Two hip, young startups are set to become the latest challenge to Tencent Holdings Ltd. just as China’s dominant social-media company struggles with shrinking margins and slowing growth.
Shares of SoftBank Group Corp. were down 13% in the two weeks to last Friday. Nvidia Corp., in which the Japanese technology company’s SoftBank Vision Fund is a major investor, plummeted 12.3% over the same period.
While Tencent is cutting the number of business groups to six from seven, the company is actually adding to its structure.