FT News Briefing

Investors serve, can women’s tennis volley?

Jul 11, 2024

11:11

Snipd AI

Topics include Archegos founder fraud, US junk bond sales, Saudi investments in women's tennis, Amazon vs Temu and Shein, and Amazon's strategy to compete in shipping and taxes.

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Women's tennis attracting big investments to enhance visibility and prize money.

Amazon adapting new business model to compete with Chinese online retailers and reduce costs.

Deep dives

WTA's Investments and Challenges in Elevating Women's Tennis Profile

The Women's Tennis Association (WTA) has attracted investments from firms like CVC Capital Partners and Saudi Arabia's sovereign wealth fund to elevate its profile and increase prize money, aiming to address the challenge of establishing strong narratives and attracting casual fans in the absence of dominant superstar players like Serena Williams. By redirecting focus towards branding, social media, and player promotion, the WTA aims to enhance its visibility and engagement with audiences, despite facing criticisms over its partnerships.

Intro

5min

Criticism and Potential Impact of a Deal on Women's Tennis

2min

Amazon's Strategy to Compete Against Chinese Companies in Shipping and Taxes

2min

Amazon's Strategy to Target Ultra-Low-Cost Goods and Competition from Chinese Companies

1min

Analysis of Analysts' Views on Amazon's Potential Entry into Quick Delivery Business and Survey Promotion

2min

Archegos founder Bill Hwang found guilty of fraud, investors are selling off risky US junk bonds, and women’s tennis is getting big investments from Saudi Arabia and private equity firms. Plus, the FT’s Ryan McMorrow explains how Amazon is fighting back against rivals like Temu and Shein.

Mentioned in this podcast:

Archegos founder Bill Hwang found guilty over fund’s collapse

Investors shun riskier junk bonds as bankruptcy filings jump

Saudi wealth bolsters WTA’s ambitions for women’s tennis

Amazon set to take on Temu and Shein with new discount section

Survey link: http://ft.com/FTsurvey2024

Survey terms & conditions: http://www.ft.com/globalsurvey/terms

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Michela Tindera, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.