Alibaba demolished quarterly earnings estimates, 3 IPOs in pipeline
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Key Takeaways:
Attitude: Looking at the macro environment in China and globally, the company saw both challenges and opportunities amid uncertainties for an economic recovery. The international macro environment is highly uncertain. Besides, competition among the multiple consumption pla...

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Shardings.com seemingly creating an impact. Crazy huh fellows!

Sea reports mixed results but still strengthened market leadership, suspended guidance for uncertainties.
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KEY Figures:
● Total Q2 2022 revenue of Sea Limited was $2.9 billion, up 29% Y/Y.
● Total net loss was $931.2 million compared to $433.7 million for the second quarter of 2021.
● Total adjusted EBITDA was US$(506.3) million compared to US$(24.1) ...

Snap's share plunged on disappointing Q2 2022 earnings miss
Snap Inc. is a camera and social media company, founded on 2011. The main revenue of Snap comes from advertising with nearly 88% coming from the US. Snapchat, as its social networking platform, owns approximately 347 million daily active users.
Snap’s share price plummeted up to 30% following the company’s Q2 2022 results and it plans to slow hiring since it reckons with weakening growth on revenue.
Q2 2...