|
|
Hi there, this is your daily ☕️ Finpresso.
In today's newsletter: 🛍️ Shein targets $27B in Hong Kong IPO 🚸 TikTok pays $400M in child privacy case 📉 Alibaba stock drops 10% on $10.2B raise 💰 Nvidia hikes AI server prices over 15% Plus: 🌍 11 macro news, 🏢 10 corporate news, and 📑 6 research & reports.
|
|
📊 Before The Bell
 | Change over the last 24 hours · as of Aug 24, 2026, 5:53 AM ET |
|
|
Want to get the most out of ChatGPT?
ChatGPT is a superpower if you know how to use it correctly.
Discover how HubSpot's guide to AI can elevate both your productivity and creativity to get more things done.
Learn to automate tasks, enhance decision-making, and foster innovation with the power of AI.
|
🛍️ Shein targets $27B in Hong Kong IPO
LINK
|
- Shein is seeking to raise up to HK$13.86 billion (about $1.77 billion) in its Hong Kong IPO, pricing shares to value the fast-fashion retailer at close to $27 billion at the top of the range.
- The company is selling roughly 280 million class B shares priced between HK$47.60 and HK$49.50, with a final price set for Aug. 31 and trading due to begin Sep. 1.
- The $27 billion target marks a steep markdown from the $64 billion valuation Shein carried in 2023 and April 2024, and well below the $98.2 billion reached in a 2022 fundraising round.
|
🚸 TikTok pays $400M in child privacy case
LINK
|
- TikTok and parent ByteDance will pay $400 million to settle US Justice Department claims they violated children's online privacy law, ending the case without further litigation or any admission of wrongdoing.
- The DOJ, which first sued in 2024 over accusations TikTok let children open standard accounts and unlawfully collected their data, called the payout one of the largest ever recoveries under the children's privacy statute.
- As part of the deal, TikTok added stronger youth safeguards, better age controls, and more parental oversight, and the article frames the costly settlement as cheaper than prolonged litigation and a second Trump-era reprieve for the app.
|
📉 Alibaba stock drops 10% on $10.2B raise
LINK
|
- Alibaba's Hong Kong-listed shares fell as much as 10% on Monday after the company priced a $10.20 billion sale of new stock to non-US investors, diluting existing shareholders.
- Alibaba is issuing 710 million shares at HK$112.70 each, below Friday's close of HK$123, with all proceeds earmarked for AI infrastructure; the placement is expected to close Wednesday.
- The raise follows Alibaba's 75% profit drop in the June quarter, when capital spending jumped 75% to 67.7 billion yuan as heavy AI investment ate into results.
|
💰 Nvidia hikes AI server prices over 15%
LINK
|
- Nvidia has told major customers that servers built around its AI chips will cost more than 15% extra on systems shipping early next year, driven largely by soaring prices for memory chips.
- The increases hit systems using Nvidia's flagship Vera Rubin and Grace Blackwell chips and vary by chip generation and memory setup, showing even a company with 75% gross margins can't absorb rising memory costs.
- The pricing power now sits with memory makers Samsung, SK Hynix and Micron, who dominate DRAM output and can't meet AI demand, complicating data-center build-outs by Microsoft, Google, Amazon and Meta ahead of Nvidia's earnings next week.
|
|
Stop Guessing Direction.. Just Buy on Blue.
A single Blue Dot BUY signal tracked a massive 6,566.5-point move in Nasdaq futures—more than $131,000 per full contract. Now Mark Helweg’s 2-time award-winning hedge fund algorithm has identified another little-known ticker. See the live signal and get your FREE entry plotted directly on the chart before it develops.
🌍 Macro News
- Oil fell Monday as traders awaited details on new US Iran sanctions. LINK
- Gold hit a three-month high Monday as the dollar weakened. LINK
- Singapore's July inflation rose to 2.2%, a near two-year high. LINK
- Bank of Japan speeches this week signal likely September rate hike. LINK
- China's material export curbs are delaying Taiwan's tech and aerospace production. LINK
- Crypto card spending tripled to $1.04 billion in July, stablecoin-driven. LINK
- Global banks join pilot testing quantum-resistant crypto wallet technology. LINK
- US clean energy spending is on pace for record $180 billion. LINK
- Global diesel shortage will persist for months despite any Middle East peace. LINK
- Pakistan opens crypto licensing portal, sets September 5 compliance deadline. LINK
- Canada to impose retaliatory tariffs on US after talks collapsed. LINK
|
|
🏢 Corporate News
- Apple cuts over 200 jobs across Vision Pro and Siri teams. LINK
- Dutch regulators fined Uber 825 million euros over automated driver suspensions. LINK
- OpenAI cuts GPT-5.6 Sol prices over 20% amid rising competition. LINK
- Anthropic hires Google chip veteran to build its own semiconductors. LINK
- Tesla recalls nearly 3 million China EVs over door handle risks. LINK
- Walmart launches contactless tap-to-pay, expanding to all US stores by 2026. LINK
- Hackers stole personal data from Apollo's cloud systems in breach. LINK
- Nvidia to pay $6 billion licensing Poolside's AI model-building software. LINK
- Hugging Face explores sale that could value it near $13 billion. LINK
- Nvidia takes minority stake in data center infrastructure firm Cloverleaf. LINK
|
|
📈 Stocks
| ▲ Biggest winners | | Futu Holdings rose 10% after reporting second-quarter 2026 revenue of $918.2 million, beating consensus by nearly 17%. LINK | | MP Materials rose 9% after Pentagon pricing guarantees yielded $17.6 million in Q2. LINK | | Tempus AI rose 9% after BTIG raised its price target to $80 from $70. LINK |
| ▼ Biggest losers | | Marvell Technology fell 6% after Google warrant dilution overtook the deal rally. LINK | | IES Holdings fell 50% after the 2-for-1 stock split became effective. LINK | | DBA Sempra fell 5% after Morgan Stanley lowered its price target to $104. LINK |
|
|
📑 Research & Reports
- Aleph's budgeting benchmark report: shows how finance teams actually budget, with benchmarks you can hold your own process against. Download the free report
- Expected returns, not demographics, best predict crypto ownership, Fed study finds. LINK
- AI could become a net growth driver for Indian IT by FY30. LINK
- New York overtakes Bay Area as largest US tech-worker hub. LINK
- AI's role in crypto crime rose 40% over the past year. LINK
- China's real gold buying far exceeds its official central bank figures. LINK
- NAND flash price growth set to slow sharply this quarter. LINK
|
|
📅 Market Calendar
 | Earnings · Economic events |
|
|
💬 How did you find today's edition?
We read every reply — just reply to this email and let us know how we can improve!
|
|
