@Cassie wood:In addition to its focus on affordability and strong brand identity, Xiaomi has also been successful in its expansion into new markets. The company has a strong presence in China, but has also expanded into other Asian markets, as well as Europe and the United States. This has helped to increase the company's global reach and establish it as a major player in the technology industry.
@StickyRice:JPMorgan reportedly closes on $800M acquisition of Viva Wallet JPMorgan Chase $JPMorgan Chase(JPM)$ closed on the purchase of a 48.5% stake in Viva Wallet, an Athens-based payments technology firm, for more than $800M, Reuters reported, citing a person with knowledge of the matter. The move underscores the importance the Wall Street bank places on holding a prominent position in financial technology. Viva Wallet focuses on serving small- and medium-sized businesses in 23 countries. Its services provide merchants with tap-to pay device technology, merchant cash advance, bill pay, expense management, virtual debit card issuance, cash disbursement, gift cards, and loyalty. In January, JPMorgan (JPM) agreed to buy the stake in the cloud-based fin
@nickname168:Tesla plans to produce significantly more vehicles than it delivers in Q4, after output topped sales by 22,000 in Q3. The EV giant says it's doing this to smooth out deliveries vs. its typical end-of-quarter frenzy. But, the move comes as production capacity surges and China backlogs are gone. New EV credits should support Tesla's U.S. sales in 2023. Meanwhile, Tesla CEO Elon Musk reportedly is seeking new equity partners to finance his Twitter takeover to avoid fresh TSLA stock sales. That comes after Musk said he's "excited" to run Twitter, but admitted he's "overpaying." TWTR stock rose 1.2% to 52.44 on Thursday, just below the $54.20 takeover price. It's the highest close since Musk first announced interest in Twitter. U.S. government officials are mulling subjecting Musk's Twitter dea