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The private auction shows that Shein has lost $30 billion since April

Shein shareholders are considering cashing out ahead of the companys IPO, as the undisclosed offer in April was 30% less than its $100 billion valuati

Shein shareholders are considering cashing out ahead of the companys IPO, as the undisclosed offer in April was 30% less than its $100 billion valuation, according to Bloomberg. Slow growth and control over the Chinese fashion giants business could hurt valuations and IPO schedules. In a fundraising round earlier this year, Shane told existing investors that it plans to launch a U.S. IPO in early 2024. Shanes revenue growth has fallen to about 60% from $10 billion in 2020 to $16 billion in 2021. Meanwhile, the fastfashion business has been accused of damaging the environment, exploiting workers, and stealing copyrights. Read More..

B2B Tech News | 2 years ago        

GPs advocate changing the illogical standards for authorising glucose monitors for people with diabetes

The National Diabetes Services Scheme NDSS does not allow GPs to authorize access to subsidized glucose monitors for patients with type 1 diabetes. Th

The National Diabetes Services Scheme NDSS does not allow GPs to authorize access to subsidized glucose monitors for patients with type 1 diabetes. The NDSS allows only doctors who manage diabetes as the main scope of their practice, and diabetes educators are authorized to certify patient access forms for subsidized monitors. Patients say they will be left out of pocket while they seek authorization from a diabetes specialist. The decision to exclude GPs from the authorized certifier group was based on expert advice from the Australian Diabetes Society and the Australian Diabetes Educators Association. The Royal Australian College of General Practitioners RACGP has called for GPs to be included in the list of health professionals authorized to certify access to the machines. Read More..

B2B Tech News | 2 years ago        

Nike split $1 billion between PMG and Initiative

In North America, PMG has been named the integrated media agency of record and a partner for global digital capabilities. The Initiative was the big w

In North America, PMG has been named the integrated media agency of record and a partner for global digital capabilities. The Initiative was the big winner internationally, snatching up business in Europe, Asia, and Latin America. Wieden + Kennedy, Nikes creative agency for more than 35 years, had previously handled media planning in the United States. The Converse brand, which was not up for review in this pitch, was won globally by the IPG Mediabrands agency. R3 managed the pitch but stayed silent. All of the major markets for the company were covered, including the Nike and Jordan brands. Additionally, making pitches were GroupM, Omnicom Media Group, Dentsu Media, Publicis Media, Stagwell Media, and Havas Media. Read More..

B2B Tech News | 2 years ago        

Germany reverses as the largest market for Vodafone

The mobile and broadband group said its German TV subscriber base fell by 79,000. Vodafones total services revenue growth picked up slightly quarteron

The mobile and broadband group said its German TV subscriber base fell by 79,000. Vodafones total services revenue growth picked up slightly quarteronquarter for reach 2.5%.. Chief Executive Nick Read said the British company had made good progress towards stabilizing its German operation. The British company has not announced any major deals since November. Read said in November he was targeting consolidation in a number of Vodafones European markets, as well as opportunities for its tower business, Vantage Towers. Read More..

B2B Tech News | 2 years ago        

Triangle Healthcare opens regional headquarters in Singapore to drive healthcare innovation in APAC

At a CAGR of 26.5%, the digital health market in the APAC region is projected to grow to $326.7 billion by 2030. The Indian High Commissioner, Mr. P.

At a CAGR of 26.5%, the digital health market in the APAC region is projected to grow to $326.7 billion by 2030. The Indian High Commissioner, Mr. P. Kumaran, and other esteemed dignitaries presided over the launch. At a CAGR of 26.5%, the digital health market in the APAC region is projected to grow to $326.7 billion by 2030. The Indian High Commissioner, Mr. P. Kumaran, and other esteemed dignitaries presided over the launch. Read More..

B2B Tech News | 2 years ago        

The Qatari fund bought the Crowne Plaza hotel for $4.6 billion

For an estimated Sh4.6 billion, tycoon Nazir Ahmed Akbarali sold the Crowne Plaza Hotel to a private equity fund backed by Qatar. The Qatar Investment

For an estimated Sh4.6 billion, tycoon Nazir Ahmed Akbarali sold the Crowne Plaza Hotel to a private equity fund backed by Qatar. The Qatar Investment Authority QIA, the nations sovereign wealth fund, supports the Kasada Hospitality Fund. Under the InterContinental name, the hotel debuted in 2010 in Nairobis Upper Hill neighbourhood. In 2014–15, they increased to Sh146 billion thanks to discounted rates provided by nearby resorts. At just under 870,500, the number of foreign visitors is still significantly lower than prepandemic levels. Read More..

B2B Tech News | 2 years ago        

Australias largest startup community is created by University of Technology Sydney

The universitys startup program, known as UTS Startups, offers free collaboration and office space, industry connections, and a vibrant community to U

The universitys startup program, known as UTS Startups, offers free collaboration and office space, industry connections, and a vibrant community to UTS founders. UTSs emphasis on innovation and creativity attracts the next generation of founders. More than half of UTS incoming students in 2021 said they wanted to pursue entrepreneurship while studying. The university has also kicked off the UTS Startups Schools program, teaching entrepreneurship and presentation skills to 10,000 Year 9 and 10 students every year. The UTS Startups community generated 442 paid jobs . UTS Startups also worked with 952 UTS students through internships and related projects. The space is also part of the activation of the Tech Central district, home to the Australian tech economy. Read More..

B2B Tech News | 2 years ago        

Artificial Intelligence in Aviation Market to Grow at 46.3% CAGR by 2029 with Key Styles, Size, Share, Growth and Opportunity Forecasts

Data Bridge Market Research analyzes that artificial intelligence in the aviation market will show a CAGR of 46.3% during the forecast period 20222029

Data Bridge Market Research analyzes that artificial intelligence in the aviation market will show a CAGR of 46.3% during the forecast period 20222029 and will reach USD 9,995.84 million by 2022. In aviation, artificial intelligence AI helps to improve predictive maintenance and air traffic control operations. AI in aviation includes the integration of services and systems such as automatic baggage checkin, facial recognition, customer service, and aircraft fuel optimization. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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