2 months ago
DeepSeek has engaged CITIC Securities to prepare for an initial public offering on Shanghai's STAR Market, according to Reuters, citing two people with knowledge of the matter who spoke on condition of anonymity.
The Hangzhou-based AI startup aims to begin the IPO process this year, according to Reuters. The timing of a potential offering, the amount DeepSeek could seek to raise, and its target valuation have not been determined. DeepSeek and CITIC did not respond to requests for comment.
In China, firms pursuing a mainland listing are generally required to retain a securities company for pre-IPO tutoring before they can file an application, Reuters notes. The previously undisclosed arrangement with CITIC suggests DeepSeek is making concrete progress toward a public offering.
The IPO push comes as DeepSeek seeks capital to fund computing infrastructure, model development, and talent retention amid competition from rival Chinese and U.S. AI firms. A person familiar with the matter told Reuters that Liang Wenfeng sees the IPO as a way to build a compensation structure capable of holding onto the startup's most important engineers and researchers. The company has lost talent to rivals including ByteDance and Xiaomi.
According to Reuters, DeepSeek is currently raising a new funding round at a valuation of 500 billion yuan ($75 billion). In June, the startup closed a round of roughly $7.4 billion at a post-money valuation exceeding $50 billion, with Liang Wenfeng personally contributing 20 billion yuan. Tencent Holdings and battery company CATL contributed 10 billion yuan and 5 billion yuan, respectively, becoming the largest external shareholders, according to Reuters.
#deepseek #according #company
The Hangzhou-based AI startup aims to begin the IPO process this year, according to Reuters. The timing of a potential offering, the amount DeepSeek could seek to raise, and its target valuation have not been determined. DeepSeek and CITIC did not respond to requests for comment.
In China, firms pursuing a mainland listing are generally required to retain a securities company for pre-IPO tutoring before they can file an application, Reuters notes. The previously undisclosed arrangement with CITIC suggests DeepSeek is making concrete progress toward a public offering.
The IPO push comes as DeepSeek seeks capital to fund computing infrastructure, model development, and talent retention amid competition from rival Chinese and U.S. AI firms. A person familiar with the matter told Reuters that Liang Wenfeng sees the IPO as a way to build a compensation structure capable of holding onto the startup's most important engineers and researchers. The company has lost talent to rivals including ByteDance and Xiaomi.
According to Reuters, DeepSeek is currently raising a new funding round at a valuation of 500 billion yuan ($75 billion). In June, the startup closed a round of roughly $7.4 billion at a post-money valuation exceeding $50 billion, with Liang Wenfeng personally contributing 20 billion yuan. Tencent Holdings and battery company CATL contributed 10 billion yuan and 5 billion yuan, respectively, becoming the largest external shareholders, according to Reuters.
#deepseek #according #company
0.00$ raised of 0.00$ goal
0 donations
0.00$
to go
2 months ago
The yield on the 10-year U.S. Treasury note rose more than 3 basis points Tuesday to 4.79%. Driven higher by concerns over the latest flare-up in the war against Iran and its effects on fuel costs and inflation, the yield touched its highest level since January 2025 in trading during the day.
The continuing bond selloff has driven up government borrowing costs around the world. Eshe Nelson of The New York Times noted today that ******* an is seeing 10-year yields above 3% for the first time in 30 years and Germany now has the highest 10-year rates since 2011 (see the Times's chart below).
"A combination of factors are prompting investors to demand higher returns to hold government debt: a flood of borrowing by the world's richest nations, expanding budget deficits, persistent inflation and few signs that countries are able or willing to take steps to improve these conditions," Nelson wrote.
Ulrike Hoffmann-Burchardi, chief investment officer of the Americas at UBS, said she expects to continue to see heightened volatility in the bond market. "With no clear path to reopening the Strait after six months of war, inflation worries remain elevated," she said in a note, per CNBC. "Uncertainty over the Federal Reserve's policy outlook, fiscal concerns, and rising AI-related debt issuance have all kept bonds under pressure."
Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle, told the Times that it's difficult to "disentangle" the causes of the rate surge. "The only thing we can say right now is that they're all pointing in the same direction," he said, "and that's in the direction of higher rates, and they're doing it globally."
#nelson #driven
The continuing bond selloff has driven up government borrowing costs around the world. Eshe Nelson of The New York Times noted today that ******* an is seeing 10-year yields above 3% for the first time in 30 years and Germany now has the highest 10-year rates since 2011 (see the Times's chart below).
"A combination of factors are prompting investors to demand higher returns to hold government debt: a flood of borrowing by the world's richest nations, expanding budget deficits, persistent inflation and few signs that countries are able or willing to take steps to improve these conditions," Nelson wrote.
Ulrike Hoffmann-Burchardi, chief investment officer of the Americas at UBS, said she expects to continue to see heightened volatility in the bond market. "With no clear path to reopening the Strait after six months of war, inflation worries remain elevated," she said in a note, per CNBC. "Uncertainty over the Federal Reserve's policy outlook, fiscal concerns, and rising AI-related debt issuance have all kept bonds under pressure."
Ed Al-Hussainy, a portfolio manager at Columbia Threadneedle, told the Times that it's difficult to "disentangle" the causes of the rate surge. "The only thing we can say right now is that they're all pointing in the same direction," he said, "and that's in the direction of higher rates, and they're doing it globally."
#nelson #driven
2 months ago
Meta Platforms and state attorneys general have held talks about a potential settlement before the trial concludes, in a lawsuit that accuses the company of intentionally building Facebook and Instagram in ways meant to hook teenagers, according to Bloomberg.
Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.
A spokesperson for Meta had no immediate comment. A representative of the California attorney general's office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.
Meta's internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company's total market capitalization. A settlement would likely amount to a far smaller sum.
At the heart of the states' case are claimed breaches of both state consumer protection statutes and the federal Children's Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta's underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.
#states #protection #settlement #comment
Entering its second week in federal court in Oakland, California, the trial pits the attorneys general of 29 states against the company, with those officials seeking both monetary penalties and court-ordered changes to how Meta runs its platforms. People familiar with the settlement discussions asked not to be identified due to their sensitivity, according to Bloomberg.
A spokesperson for Meta had no immediate comment. A representative of the California attorney general's office declined to comment, and representatives of the other three states leading the case — Colorado, Kentucky, and New Jersey — did not immediately respond to requests for comment.
Meta's internal estimates place the maximum penalty exposure from an adverse verdict at roughly $1.4 trillion, a figure approaching the company's total market capitalization. A settlement would likely amount to a far smaller sum.
At the heart of the states' case are claimed breaches of both state consumer protection statutes and the federal Children's Online Privacy Protection Act, laws whose per-violation fines can compound into enormous totals given the scale of Meta's underage user base. The four lead states — California, Colorado, Kentucky, and New Jersey — are also pressing additional consumer protection claims under their individual state laws, while all 29 states are pursuing federal claims tied to alleged data collection of minors without parental consent.
#states #protection #settlement #comment
2 months ago
Loomis Sayles, an investment management company, released its "Global Growth Fund" investor letter for Q2 2026. You can download a copy of the letter here. The fund returned 6.43%, underperforming the MSCI ACWI Index's 14.93% return. The fund employs a long-term private equity investment strategy, focusing on high-quality businesses with sustainable competitive advantages, investing at significant discounts to intrinsic value. At quarter-end, the fund maintained an overweight in communication services, consumer discretionary and healthcare sectors, and an underweight in information technology, financials, industrials, and consumer staples sectors. Also, please check the Fund's top five holdings to see its best picks for 2026.
In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform, contributed positively to performance during this quarter. On August 21, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $258.63 per share, reflecting a market capitalization of $2.79 trillion. Amazon.com, Inc. (NASDAQ:AMZN) posted a one‑month return of 11.77%, while its shares gained 13.46% over the past 52 weeks.
Loomis Sayles Global Growth Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor letter:
"Online retailer Amazon.com, Inc. (NASDAQ:AMZN) offers millions of products – sold by Amazon or by third parties – with the value proposition to consumers of selection, price, and convenience. Amazon's enterprise IT business, Amazon Web Services (AWS), offers a suite of secure, on-demand, cloud-computing services, with a value proposition to clients of speed, agility, and savings. In both of its core markets, Amazon possesses strong and sustainable competitive advantages that would be difficult for competitors to replicate. In e-commerce, these include its brand, scale, technology platform, network advantage, and logistics and distribution systems. AWS benefits from its brand, technology platform, and massive scale, which allows it to pass along cost savings while continuing to innovate. Growing well in excess of their underlying retail and IT markets, both of Amazon's businesses are gaining market share. Led by visionary founder and Executive Chairman Jeff Bezos, Amazon invests aggressively to expand and leverage its customer base, brand, and infrastructure, targeting businesses with strong financial returns that are anticipated to offer large and enduring growth opportunities…" (Click here to read the full text)
#amazon #amzn #letter #technology
In its Q2 2026 investor letter, Loomis Sayles Global Growth Fund highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform, contributed positively to performance during this quarter. On August 21, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $258.63 per share, reflecting a market capitalization of $2.79 trillion. Amazon.com, Inc. (NASDAQ:AMZN) posted a one‑month return of 11.77%, while its shares gained 13.46% over the past 52 weeks.
Loomis Sayles Global Growth Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor letter:
"Online retailer Amazon.com, Inc. (NASDAQ:AMZN) offers millions of products – sold by Amazon or by third parties – with the value proposition to consumers of selection, price, and convenience. Amazon's enterprise IT business, Amazon Web Services (AWS), offers a suite of secure, on-demand, cloud-computing services, with a value proposition to clients of speed, agility, and savings. In both of its core markets, Amazon possesses strong and sustainable competitive advantages that would be difficult for competitors to replicate. In e-commerce, these include its brand, scale, technology platform, network advantage, and logistics and distribution systems. AWS benefits from its brand, technology platform, and massive scale, which allows it to pass along cost savings while continuing to innovate. Growing well in excess of their underlying retail and IT markets, both of Amazon's businesses are gaining market share. Led by visionary founder and Executive Chairman Jeff Bezos, Amazon invests aggressively to expand and leverage its customer base, brand, and infrastructure, targeting businesses with strong financial returns that are anticipated to offer large and enduring growth opportunities…" (Click here to read the full text)
#amazon #amzn #letter #technology
3 months ago
IYR is up 13% year to date but pays a low single-digit yield, while IYRI converts the same REIT exposure into monthly distributions yielding nearly 11%.
KBWY has surged 23% year to date, confirming the REIT rebound that the NEOS team behind SPYI harvests as income through IYRI's covered-call overlay.
IYRI's call overlay caps price gains at 10% versus IYR's 13%, and 2026 distributions have drifted lower as softening volatility thins call premiums.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The iShares U.S. Real Estate ETF (NYSEARCA:IYR) is having a moment. Shares are up 12.77% year to date and 13.57% over the last twelve months, finally outperforming the broader market as capital rotates back into rate-sensitive sectors. If you own IYR for real estate exposure, that rebound is exactly what you signed up for. IYR is a passive index tracker, though, and its distribution yield sits in the low single digits. Investors who bought a REIT fund specifically to collect income now have a specific alternative from the team behind the popular SPYI and QQQI covered-call ETFs, and it is currently paying a distribution rate near 11%.
#call #spyi
KBWY has surged 23% year to date, confirming the REIT rebound that the NEOS team behind SPYI harvests as income through IYRI's covered-call overlay.
IYRI's call overlay caps price gains at 10% versus IYR's 13%, and 2026 distributions have drifted lower as softening volatility thins call premiums.
Don't wait: the ****** yst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The iShares U.S. Real Estate ETF (NYSEARCA:IYR) is having a moment. Shares are up 12.77% year to date and 13.57% over the last twelve months, finally outperforming the broader market as capital rotates back into rate-sensitive sectors. If you own IYR for real estate exposure, that rebound is exactly what you signed up for. IYR is a passive index tracker, though, and its distribution yield sits in the low single digits. Investors who bought a REIT fund specifically to collect income now have a specific alternative from the team behind the popular SPYI and QQQI covered-call ETFs, and it is currently paying a distribution rate near 11%.
#call #spyi
3 months ago
Robert W. Eddy, President & CEO of BJ's Wholesale Club Holdings, Inc. (NYSE:BJ), sold 73,016 shares of common stock on July 29, 2026, for a total value of ~$7.3 million. SEC Form 4 filing
Metric
Value
Shares sold
73,016
#shares
Metric
Value
Shares sold
73,016
#shares
3 months ago
By Arasu Kannagi Basil
Aug 3 (Reuters) - Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion in cash, marking the card giant's latest effort to beef up its cybersecurity offerings.
The deal would help the world's largest payment processor further bolster its existing cyber, fraud, risk and security offerings and enable it to help clients better protect themselves in an increasingly complex threat environment, Visa said.
"Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale. BioCatch will help our clients stop fraud before it reaches the point of payment," said Andrew Torre, president of value-added services at Visa.
Founded in 2011, BioCatch helps detect fraud and distinguish legitimate users from fraudsters in real time by ***** yzing signals such as keystrokes, touch gestures and device handling to safeguard transactions.
#Help #offerings #clients #arasu
Aug 3 (Reuters) - Visa said on Monday it would buy fraud intelligence provider BioCatch for $2.4 billion in cash, marking the card giant's latest effort to beef up its cybersecurity offerings.
The deal would help the world's largest payment processor further bolster its existing cyber, fraud, risk and security offerings and enable it to help clients better protect themselves in an increasingly complex threat environment, Visa said.
"Account takeovers and scams cost the global economy over $1 trillion annually and AI is enabling these attacks at unprecedented scale. BioCatch will help our clients stop fraud before it reaches the point of payment," said Andrew Torre, president of value-added services at Visa.
Founded in 2011, BioCatch helps detect fraud and distinguish legitimate users from fraudsters in real time by ***** yzing signals such as keystrokes, touch gestures and device handling to safeguard transactions.
#Help #offerings #clients #arasu
