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Rise by the tech unicorn, sink by the tech unicorn.The decision by the We Company 鈥?the parent firm of office-sharing company WeWork
stanley cup romania 鈥?to shelve the WeWork IPO has led to a bit of boardroom drama. As noted, to begin the week, there are ongoing talks about the future role of Adam Neumann, CEO.Amid the drama, as reported by the Financial Times and other sites, SoftBank is looking to spur an ouster of Neumann.聽Beyond the mechanics of how such a move might play out 鈥?SoftBank has two board seats
stanley quencher , while Neumann has a significant level of power in the form of voting rights 鈥?the dispute speaks volumes about where SoftBanks bets on Big Tech have landed.聽SoftBank, renowned for early-stage investments in the billions of dollars into marquee names such as Uber and WeWork, has been feeling a pinch.The pinch comes less as a matter of the fact that the IPO has been delayed than the fact that WeWorks valuation has been so often, and so drastically, slashed.Recall that when WeWork was moving ever close to an IPO, the valuation implied in earlier funding rounds stood at $47 billion. Cut and cut again, and the valuation being assigned to the private form was $15 billion, as reported earlier in the month.聽Part of that cut may be personality-specific, as Neumann had been cited in the press for erratic behaviors. Some of it is company-specific, as analysts and other observers questioned how a business model predicated on long-term liabilities long-term leases and short-term, perhaps volat
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If it wasn ;t clear enough last quarter what Alibaba mobile-centric CEO was focused on, it was surely made clear during the聽eCommerce giant first-quarter earnings release聽yesterday聽 Aug. 12 .In fact 鈥?between the executive team and the analysts
stanley usa 8217; questions 鈥?the term mobile was rattled off 107 times during the company earnings call Wednesday morning. But just how robust as Alibaba team phrases it was its mobile commerce for the quarter Well, pretty robust if you look at the numbers. To start, Alibaba hit 307 million monthly active users in the quarter on its mobile commerce apps. To put that into perspective, that an 18 million user increase from Alibaba March quarter and a whopping 63 percent year-over-year increase. Mobile revenue also hit another noteworthy increase, soaring to roughly $1.25 billion RMB 8 billion ,
stanley quencher or a 225 percent increase, YOY.Mobile revenue accounted for 51 percent of Alibaba China commerce retail revenue in the quarter, and the mobile monetization rate jumped 2.16 percent in the quarter. Mob
kubki stanley ile GMV hit $60 billion and now accounts for 55 percent of total GMV.But in all of its mobile efforts, there one figure that stands out most as demonstrating why Alibaba is committed to being a mobile commerce leader: its same-day grocery delivery efforts. Alibaba聽recently launched same-day grocery delivery in聽Beijing and Shanghai, and the results for mobile comm
