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Political research firm Cambridge Analytica is shutting down. It’s been engulfed in scandal after reports that it had improperly accessed data from millions of Facebook members.
Amazon made a formal offer to buy 60% of Flipkart for $12B, reports CNBC. This overshadows Walmart's efforts to buy part of the Indian e-commerce site.
Chinese smartphone maker Xiaomi may have the biggest IPO since Alibaba’s $25B in 2014. Xiaomi has filed to go public in Hong Kong and could be valued at as much as $100B.
“The stakes are really high for Walmart. It will be very hard for them to win India back if they miss this opportunity.” Brian Yarbrough, analyst with Edward Jones
Daily Top Headlines:
Animation: Lucy Clinch
Script: Katie Carroll, Lorraine K. Lee
Art: Jacqueline Zaccor
Producer: Florencia Iriondo