Byju’s, an Indian edtech start-up founded by Byju Raveendran, rose to become the country’s most valuable start-up before facing financial troubles, legal battles, and accusations of mismanagement. Raveendran and his wife initially gained success with their innovative teaching methods, leading to significant investments and rapid expansion. However, as the company’s value plummeted and creditors sought repayment, Raveendran blamed investors for prioritizing profit over education, sparking lawsuits and a contentious legal battle.
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Why Chinese Tech Stocks Like Alibaba Crushed It on Monday
SummaryThe beginning of the trading week saw positive momentum for Chinese tech stocks, bolstered by a perceived easing in the U.S.-China trade conflict, with Alibaba, Tencent, and JD.com experiencing notable gains. President Trump's announcement of tariff exemptions on various tech goods, including semiconductors and smartphones, provided a boost, although the benefits for service-oriented companies like Alibaba and Tencent were indirect. Despite some relief from tariffs, Chinese manufacturers still face a 20% import tax on certain...
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