Binance is grappling with substantial outflows totaling over $1 billion following the exit of its founder and CEO, Changpeng Zhao.
Industry
Shein Files for US IPO as Chinese-Founded Fashion Giant Seeks to Expand Global Reach
Chinese-founded fast-fashion giant Shein has confidentially filed for an initial public offering (IPO) in the United States (US).
Joe Biden Slams Corporations Over Soaring Consumer Prices, Says 'It’s Time to Stop the Price-Gouging'
President Joe Biden has criticized corporations for maintaining high consumer prices despite a slowdown in the rate of inflation.
Alibaba Co-Founder Jack Ma, the Chinese Tech's Poster Boy, Moves Into Food Business
Alibaba co-founder Jack Ma, a longstanding figure in China's technology sector, is diversifying his business ventures into the food industry with the establishment of a new company, "Hangzhou Ma's Kitchen Food."
US Chip Export Ban Is Taking a Toll on Chinese AI Startups
Amid the escalating trade tensions between the United States and China, the impact of the US chip export ban is reportedly taking a toll on Chinese artificial intelligence (AI) startups.
Latest News
With gloomy holiday forecasts from retailers, a wave of caution fills the Black Friday shopping air.
Disney is looking up at the stars on "Wish" to regain its theatrical success in the post-pandemic cinematic realm.
The traditional Thanksgiving gathering is poised to become more accessible to households nationwide as the American Farm Bureau Federation reported a downward trajectory in turkey prices.
October has reportedly witnessed a notable surge in early Black Friday discounts, surpassing levels seen in previous years.
Target CEO Brian Cornell has asserted that customers are expressing unexpected gratitude for the retail giant's unconventional strategy of locking up everyday merchandise.
Retail giant Home Depot offers a ray of hope to investors and consumers by asserting that the worst inflationary storm is behind us despite declining sales.
Amazon has cut more than 180 jobs in its Amazon Games division as part of reshaping its presence in the gaming industry.
The second Global Investment Summit (GIS 23) will take place on November 27, according to UK Prime Minister Rishi Sunak.
Carriers like Southwest Airlines have recently offered one-way fares as low as $29 for off-peak flights, signaling an industry-wide push to entice passengers during traditionally slower travel periods.
