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Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 per share (Bloomberg)

Bloomberg : Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 ...

8 May 2024

Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg:
Coupang reports Q1 revenue up 23% YoY to $7.1B, adjusted EBITDA up 17% YoY to $281M, vs. $283.3M est., and net income down 95% YoY including Farfetch losses  —  - Shortfall overshadows stronger-than-expected sales growth  — E-commerce company's Farfetch acquisition weighs on net income

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