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The Shanghai-based company, whose backers include Singaporean state investor Temasek Holdings, follows the same job-cutting moves by other Chinese tech giants, such as Alibaba and Tencent.
https://www.businesstimes.com.sg/technol...ffs-source
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Valuation quite crazy.. 20billion USD. Actually valuation is based on how much investors have pumped in. The more they put in the higher its valuation. Intrinsically it dies not have high value.
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(21-04-2022, 06:51 PM)Blasterlord2 Wrote: Valuation quite crazy.. 20billion USD. Actually valuation is based on how much investors have pumped in. The more they put in the higher its valuation. Intrinsically it dies not have high value.
Venture capital is a Ponzi...
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(21-04-2022, 08:27 PM)Niubee Wrote: Venture capital is a Ponzi...
Nowadays it's so easy to hear of small and unknown companies being valuated at hundreds of millions, or even billions, even though their underlying profitability didn't really improve by much. That's because of some tricks that these companies employ.
https://www.linkedin.com/pulse/massive-w...gallimore/
![](https://i.imgur.com/CLvY2jA.png")
