Walmart-backed PhonePe's nine-month 2022 revenue. According to its regulatory filing, Walmart-backed PhonePe has revealed a surge in its nine-month revenue for 2022. The Bengaluru-headquartered company's revenue grew to $234.3 million for the period ending December 31st, 2022, marking a jump from the $201.6 million it had generated in the 12 months ending March 31st, 2021. PhonePe, valued...
Japan and the Netherlands to join the U.S. in restricting chip equipment exports. Japan and the Netherlands are set to join forces with the U.S. in a significant move to restrict exports of semiconductor manufacturing equipment to China. This development comes after Japan's Deputy Chief Cabinet Secretary Seiji Kihara, a government spokesperson, announced that Japan would...
China's proposed export curbs on key solar technologies. Chinese authorities have proposed restricting exports of advanced solar technologies such as large wafers, black silicon, and ultra-high monocrystalline and multi-crystalline silicon. This is being done to maintain China's global industry dominance. However, analysts warn that the move may backfire on Chinese firms. Dennis Ip, the solar analyst at...
Onions are now so expensive in the Philippines that they've become a luxury item. In early 2021, the price of onions in the Philippines skyrocketed to three times that of chicken, with a kilogram costing up to 600 pesos ($11). Onions had been selling for as little as $1.90 per kilogram just six months prior in...
ACCC forecasts for 2023 east coast gas. The Australian Competition and Consumer Commission (ACCC) has warned that households and businesses on the east coast of Australia face a gas shortage this year, despite efforts by the federal government to ensure adequate supplies. In its latest report on the country's gas market, the ACCC warns that users are...
