GitLab shares declined as much as 38% after the provider of source code management software issued a full-year revenue forecast for GitLab that fell short of anticipations. GitLab lost 3 cents per share in comparison to the expected loss of 14 cents per share by analysts, as per Refinitiv. The revenue of GitLab stands at $122.9 million…
China’s leaders take a cautious approach to the estimate for the country’s economic recovery, after removing most of the Covid restrictions on business activity that were imposed in 2022. China announced a target of around 5% Gross Domestic Product (GDP) growth for 2023, with only a slight increase in fiscal support. The vice president and senior…
CSRC announces new rules for overseas IPOs The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas. China-based firms now will have more clarity regarding whether they can list overseas in the USA. The…
Crypto market gains $84 billion despite tougher regulatory stance from US Authorities Crypto markets gained $84 billion in value yesterday despite tougher regulatory stand from the USA government. Bitcoin rose to $24,500.00 while ether was up at $1,679.31, as per the Coin Metrics. Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno said, “There…
