Into the next round

By: Miguel A. Rodriguez

11:22, 21 April 2021

Meituan raises $10 billion to fight Alibaba in grocery arena.
  • Chinese delivery giant #Meituan has raised $9.98 billion from a record top-up placement and a convertible bonds sale as it doubles down on efforts to fight the likes of #Alibaba Group Holding Ltd.
  • #Bitcoin and similar cryptocurrencies have gone increasingly mainstream, but the announcement that Venmo is adding #crypto support just put crypto access in the palm of everyone's hand.
  • Stocks were down late in the session, giving up more of their recent gains as investors weighed the latest batch of #earnings #reports for clues about the health of Corporate America

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.