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2022-03-29

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2022-03-29

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Sea E-Commerce Arm Shopee to Shut down India Operations - Statement

2022-03-25

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U.S. Stocks to Watch: Nio, SmartRent, Joby Aviation and More

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uncertainties&#34;.</p><p>Sea shares tumbled more than 8% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/c5246229b5bd07e27d8b6b3233eb78c6\" tg-width=\"841\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p><p>The business withdrawal comes weeks after Sea&#39;s e-commerce arm, Shopee, said it was pulling out of France and after India banned Sea&#39;s popular gaming app &#34;Free Fire&#34;.</p><p>After the ban, the market value of New York-listed Sea dropped by $16 billion in a single day, leading some investors to cut holdings in it.</p><p>Shopee said in a statement it would work &#34;to support local seller and buyer communities and our local team to make the process as smooth as possible&#34;.</p><p>Reuters was the first to report the company&#39;s decision.</p><p>The statement covered only retail, not gaming, activities in India.</p><p>The company is valued at around $65 billion, after reaching as much as $200 billion in late 2021 on the back of a 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea E-Commerce Arm Shopee to Shut down India Operations - Statement\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-03-28 17:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>SINGAPORE, March 28 (Reuters) - Singapore-based e-commerce and gaming firm Sea Ltd said on Monday it is withdrawing from India&#39;s retail market just months after beginning operations there, citing &#34;global market uncertainties&#34;.</p><p>Sea shares tumbled more than 8% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/c5246229b5bd07e27d8b6b3233eb78c6\" tg-width=\"841\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p><p>The business withdrawal comes weeks after Sea&#39;s e-commerce arm, Shopee, said it was pulling out of France and after India banned Sea&#39;s popular gaming app &#34;Free Fire&#34;.</p><p>After the ban, the market value of New York-listed Sea dropped by $16 billion in a single day, leading some investors to cut holdings in it.</p><p>Shopee said in a statement it would work &#34;to support local seller and buyer communities and our local team to make the process as smooth as possible&#34;.</p><p>Reuters was the first to report the company&#39;s decision.</p><p>The statement covered only retail, not gaming, activities in India.</p><p>The company is valued at around $65 billion, after reaching as much as $200 billion in late 2021 on the back of a COVID-fuelled shopping and entertainment boom.</p><p>The technology group began operations in India in October 2021 as part of an international push that saw it expand into Europe.</p><p>The local unit, Shopee India, recruited sellers and launched a shopping website. India&#39;s fast-growing e-commerce market was already dominated by such players as Amazon.com Inc and Walmart’s Flipkart.</p><p>E-commerce players face a strict regulatory environment in India. New Delhi has for years imposed restrictions to protect smaller brick-and-mortar retailers.</p><p>Offline retailers have often alleged foreign companies bypass the regulations and offer deep discounts that hurt their business, allegations the companies deny.</p><p>Shopee had in recent months faced boycott calls from such traders in India. As of Monday, Shopee’s India website was still operational and said it offered “bumper discounts and attractive deals” to customers. LinkedIn showed several India job openings at Shopee.</p><p>Two sources with knowledge of the matter said Sea was continuing to lobby Indian authorities to lift the ban on &#34;Free Fire&#34;.</p><p>Reuters reported in February, citing sources, that Singapore authorities had raised concerns to India over the ban, asking why the company had been targeted in a widening crackdown on Chinese apps.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4085":"互动家庭娱乐","BK4566":"资本集团","BK4554":"元宇宙及AR概念","BK4503":"景林资产持仓","BK4581":"高盛持仓","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222722864","content_text":"SINGAPORE, March 28 (Reuters) - Singapore-based e-commerce and gaming firm Sea Ltd said on Monday it is withdrawing from India's retail market just months after beginning operations there, citing \"global market uncertainties\".Sea shares tumbled more than 8% in premarket trading.The business withdrawal comes weeks after Sea's e-commerce arm, Shopee, said it was pulling out of France and after India banned Sea's popular gaming app \"Free Fire\".After the ban, the market value of New York-listed Sea dropped by $16 billion in a single day, leading some investors to cut holdings in it.Shopee said in a statement it would work \"to support local seller and buyer communities and our local team to make the process as smooth as possible\".Reuters was the first to report the company's decision.The statement covered only retail, not gaming, activities in India.The company is valued at around $65 billion, after reaching as much as $200 billion in late 2021 on the back of a COVID-fuelled shopping and entertainment boom.The technology group began operations in India in October 2021 as part of an international push that saw it expand into Europe.The local unit, Shopee India, recruited sellers and launched a shopping website. India's fast-growing e-commerce market was already dominated by such players as Amazon.com Inc and Walmart’s Flipkart.E-commerce players face a strict regulatory environment in India. New Delhi has for years imposed restrictions to protect smaller brick-and-mortar retailers.Offline retailers have often alleged foreign companies bypass the regulations and offer deep discounts that hurt their business, allegations the companies deny.Shopee had in recent months faced boycott calls from such traders in India. As of Monday, Shopee’s India website was still operational and said it offered “bumper discounts and attractive deals” to customers. LinkedIn showed several India job openings at Shopee.Two sources with knowledge of the matter said Sea was continuing to lobby Indian authorities to lift the ban on \"Free Fire\".Reuters reported in February, citing sources, that Singapore authorities had raised concerns to India over the ban, asking why the company had been targeted in a widening crackdown on Chinese apps.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9010088829,"gmtCreate":1648206091349,"gmtModify":1676534316983,"author":{"id":"4110175790559862","authorId":"4110175790559862","authorIdStr":"4110175790559862","name":"c9888b8","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110175790559862"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010088829","repostId":"2222188332","repostType":4,"repost":{"id":"2222188332","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1648196277,"share":"https://ttm.financial/m/news/2222188332?lang=&edition=fundamental","pubTime":"2022-03-25 16:17","market":"us","language":"en","title":"U.S. Stocks to Watch: Nio, SmartRent, Joby Aviation and More","url":"https://stock-news.laohu8.com/highlight/detail?id=2222188332","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\tWall Street expects  BRP Inc.  (NASDAQ: DOOO) to report quarterly earnings at $2.00 per share on revenue of $1.82 billion before the opening bell. BRP shares gained 0.3% to $71.00 in after-hours trading.\n","content":"<html><head></head><body><p>Some of the stocks that may grab investor focus today are:</p><ul><li>Wall Street expects <b><a href=\"https://laohu8.com/S/DOOO\">BRP Inc.</a></b> (NASDAQ:DOOO) to report quarterly earnings at $2.00 per share on revenue of $1.82 billion before the opening bell. BRP shares gained 0.3% to $71.00 in after-hours trading.</li><li><b>Nio, Inc.</b> (NYSE:NIO) reported better-than-expected results for its fourth quarter. The company&#39;s first-quarter guidance suggested sequentially flat to slightly higher deliveries and below-consensus revenues. Nio shares dropped 2.1% to $21.51 in the after-hours trading session.</li><li>Analysts are expecting <b><a href=\"https://laohu8.com/S/DXPE\">DXP Enterprises</a>, Inc.</b> (NASDAQ:DXPE) to have earned $0.14 per share on revenue of $285.00 million for the latest quarter. The company will release q.S. uarterly earnings before the markets open. DXP Enterprises shares gained 0.7% to $31.50 in after-hours trading.</li></ul><ul><li><b>SmartRent, Inc.</b> (NYSE:SMRT) reported a wider-than-expected loss for its fourth quarter and issued weak sales guidance. The company also said it acquired SightPlan Inc. on March 22 for $135 million. SmartRent shares dipped 11.1% to $5.60 in the after-hours trading session.</li><li><b><a href=\"https://laohu8.com/S/JOBY\">Joby Aviation, Inc.</a></b> (NYSE:JOBY) reported better-than-expected earnings results for its fourth quarter on Thursday. Joby Aviation shares climbed 7.3% to $5.72 in after-hours trading.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks to Watch: Nio, SmartRent, Joby Aviation and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks to Watch: Nio, SmartRent, Joby Aviation and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-03-25 16:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Some of the stocks that may grab investor focus today are:</p><ul><li>Wall Street expects <b><a href=\"https://laohu8.com/S/DOOO\">BRP Inc.</a></b> (NASDAQ:DOOO) to report quarterly earnings at $2.00 per share on revenue of $1.82 billion before the opening bell. BRP shares gained 0.3% to $71.00 in after-hours trading.</li><li><b>Nio, Inc.</b> (NYSE:NIO) reported better-than-expected results for its fourth quarter. The company&#39;s first-quarter guidance suggested sequentially flat to slightly higher deliveries and below-consensus revenues. Nio shares dropped 2.1% to $21.51 in the after-hours trading session.</li><li>Analysts are expecting <b><a href=\"https://laohu8.com/S/DXPE\">DXP Enterprises</a>, Inc.</b> (NASDAQ:DXPE) to have earned $0.14 per share on revenue of $285.00 million for the latest quarter. The company will release q.S. uarterly earnings before the markets open. DXP Enterprises shares gained 0.7% to $31.50 in after-hours trading.</li></ul><ul><li><b>SmartRent, Inc.</b> (NYSE:SMRT) reported a wider-than-expected loss for its fourth quarter and issued weak sales guidance. The company also said it acquired SightPlan Inc. on March 22 for $135 million. SmartRent shares dipped 11.1% to $5.60 in the after-hours trading session.</li><li><b><a href=\"https://laohu8.com/S/JOBY\">Joby Aviation, Inc.</a></b> (NYSE:JOBY) reported better-than-expected earnings results for its fourth quarter on Thursday. Joby Aviation shares climbed 7.3% to $5.72 in after-hours trading.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4509":"腾讯概念","BK4167":"医疗保健技术","OLPX":"Olaplex Holdings, Inc.","BK4526":"热门中概股","HCTI":"Healthcare Triangle, Inc.","TERN":"Terns Pharmaceuticals, Inc.","BK4574":"无人驾驶","DOOO":"BRP Inc.","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","JOBY":"Joby Aviation, Inc.","BK4504":"桥水持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4209":"餐馆","CRCT":"Cricut, Inc.","SMRT":"SmartRent Inc.","BK4183":"个人用品","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","NIO":"蔚来","BK4104":"贸易公司与经销商","BK4539":"次新股","FWRG":"First Watch Restaurant Group, Inc.","BK4190":"消闲用品","BK4532":"文艺复兴科技持仓","BK4531":"中概回港概念","BOLT":"Bolt Biotherapeutics, Inc.","DXPE":"DXP Enterprises","BK4008":"航空公司","BK4191":"家用电器","BK4534":"瑞士信贷持仓","BK4139":"生物科技","BK4157":"电子设备和仪器","BK4555":"新能源车","BK4007":"制药"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222188332","content_text":"Some of the stocks that may grab investor focus today are:Wall Street expects BRP Inc. (NASDAQ:DOOO) to report quarterly earnings at $2.00 per share on revenue of $1.82 billion before the opening bell. BRP shares gained 0.3% to $71.00 in after-hours trading.Nio, Inc. (NYSE:NIO) reported better-than-expected results for its fourth quarter. The company's first-quarter guidance suggested sequentially flat to slightly higher deliveries and below-consensus revenues. Nio shares dropped 2.1% to $21.51 in the after-hours trading session.Analysts are expecting DXP Enterprises, Inc. (NASDAQ:DXPE) to have earned $0.14 per share on revenue of $285.00 million for the latest quarter. The company will release q.S. uarterly earnings before the markets open. DXP Enterprises shares gained 0.7% to $31.50 in after-hours trading.SmartRent, Inc. (NYSE:SMRT) reported a wider-than-expected loss for its fourth quarter and issued weak sales guidance. The company also said it acquired SightPlan Inc. on March 22 for $135 million. SmartRent shares dipped 11.1% to $5.60 in the after-hours trading session.Joby Aviation, Inc. (NYSE:JOBY) reported better-than-expected earnings results for its fourth quarter on Thursday. Joby Aviation shares climbed 7.3% to $5.72 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9010088829,"gmtCreate":1648206091349,"gmtModify":1676534316983,"author":{"id":"4110175790559862","authorId":"4110175790559862","authorIdStr":"4110175790559862","name":"c9888b8","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110175790559862"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9010088829","repostId":"2222188332","repostType":4,"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9019039987,"gmtCreate":1648485006762,"gmtModify":1676534344183,"author":{"id":"4110175790559862","authorId":"4110175790559862","authorIdStr":"4110175790559862","name":"c9888b8","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4110175790559862"},"themes":[],"htmlText":"So nad","listText":"So nad","text":"So nad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9019039987","repostId":"1109093935","repostType":4,"repost":{"id":"1109093935","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1648216270,"share":"https://ttm.financial/m/news/1109093935?lang=&edition=fundamental","pubTime":"2022-03-25 21:51","market":"us","language":"en","title":"Hot Chinese ADRs Slid in Morning Trading, with DiDi and iQiyi Falling Over 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1109093935","media":"Tiger Newspress","summary":"Hot Chinese ADRs slid in morning trading, with DiDi and iQiyi falling over 7%.","content":"<html><head></head><body><p>Hot Chinese ADRs slid in morning trading, with DiDi and iQiyi falling over 7%.<img src=\"https://static.tigerbbs.com/7e5deddf4d6318a8f76d55d75a8e7f62\" tg-width=\"320\" tg-height=\"293\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese ADRs Slid in Morning Trading, with DiDi and iQiyi Falling Over 7%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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