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Shares of Asian AI-linked companies fall, tracking declines in US peers, as investors worry about stretched valuations; SoftBank falls 9%+, Advantest 7%+ (Lee Ying Shan/CNBC)

Lee Ying Shan / CNBC : Shares of Asian AI-linked companies fall, tracking declines in US peers, as investors worry about stretched valuat...

23 October 2024

In its first annual report, Walmart's PhonePe says FY 2024 revenue grew 74% YoY to ~$602M, net losses dropped 28% YoY to ~$237M, and 200M MAUs as of March 2024 (Sidhartha Shukla/Bloomberg)

Sidhartha Shukla / Bloomberg:
In its first annual report, Walmart's PhonePe says FY 2024 revenue grew 74% YoY to ~$602M, net losses dropped 28% YoY to ~$237M, and 200M MAUs as of March 2024  —  - PhonePe released its first detailed annual report on Monday  — The fintech saw its loss shrink 28% to about 20 billion rupees

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