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Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.
Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its Hong Kong IPO, a roughly 70% drop from the $100 billion-plus valuation it hit in a 2022 pri [...]
How to buy the Switch 2: Nintendo's restock updates at Best Buy, Walmart and others
Update (7/14/25): Best Buy will reportedly restock Switch 2 consoles next on July 17, which coincides with the release of Donkey Kong Bananza. <br /> <br /> The Nintendo Switch 2 is fina [...]
Shein’s app runs on the tricks the FTC calls ‘dark patterns.’ Now the FTC is investigating.
Shein wanted its Hong Kong listing to be about growth. Instead, the filing meant to sell that story revealed a US regulator is investigating the company, and Shein will not say why. The disclosure sit [...]
DeepSeek Harness launches as open source rival to Claude Code, alongside V4-Pro on API with higher prices
DeepSeek is expanding beyond the model layer and deeper into the software developers use to put AI agents to work.The Chinese AI lab on Thursday launched the official version of DeepSeek-V4-Pro, an up [...]
Shein reveals slowing profits and a quarterly loss ahead of Hong Kong IPO
Shein has finally shown investors the numbers. In a draft prospectus filed on July 26, the fast-fashion retailer disclosed annual revenue of $41.8 billion for 2025, up roughly 8% on the year before, a [...]
Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]