SiN #47 – $1.7 Billion
For the first 3 months of 2021, Uber generated $3.5 Billion in revenue. Of that, $1.7 Billion(about 50%) came from food delivery. Compared to the same three months last year, it is a 230% increase.
The Snippets Journal
By Shreesha
Category Business
SiN #46 – 815%
That is how much the online sales of Chinese Sports apparel company Li-Ning increased in April compared to last year! This comes against the backdrop of a nationalistic buying frenzy amidst the controversy regarding cotton produced in the Xinjiang region. Meanwhile, online…
SiN #45 – 44% to 10%
In 1990, Europe accounted for about 44% of global semiconductor manufacturing. Now, it’s closer to 10% and Taiwan, South Korea and Japan account for about 60% of production, according to a joint report by the Boston Consulting Group and the Semiconductor…
SiN #44 – $315 Billion
That is how much Alibaba CEO Jack Ma led Ant Group was valued in October 2020 before its failed IPO. At that valuation, it was worth more than the GDP of Egypt, Chile or Finland, 3x bigger than tech giant IBM…
SiN #42 – $2.6 Billion
The Norway’s state-owned oil producer, Equinor ASA posted more than $2.6 billion of earnings in the first quarter of 2021, 49% of which was from renewable energy.
SiN #39 – 900,000
That is the number of downloads for the Clubhouse app in April. That is a stark decline from 2.7 million installs in March and its peak of 9.6 million downloads in February. The platform allows people to hold audio conversation…
SiN #38 – 80%
Last week, in its first quarter earnings call, Amazon revealed that its capital expenditures, increased a whopping 80% YoY! This is mainly to improve its logistics capability as it aims to have complete control over its logistics operations and rely…
SiN #37 – $5 Billion
Verizon agreed to sell 90% of its digital media unit, which includes Yahoo and AOL, to Apollo Global Management for $5 billion. That comes as a downer considering the fact that it paid almost $4.5 billion(AOL in 2015 for $4.4 billion & Yahoo for…
SiN #36 – $235 Billion
That is the combined market cap of just the 17 listed entities of the Tata Group(It also holds stakes in 14 other companies like that are not listed). It exceeds the market cap of Reliance, which represents the entire Reliance…
SiN #33 – $10.8 Billion
That is how much the family of Samsung Group’s former Chairman Lee Kun-hee has to pay as inheritance tax to the Government after his demise last October. The sum is almost half of Mr. Lee’s estate. At 50%, South Korea…
