FT News Briefing Thursday, April 18
Apr 18, 2019
Huawei is shaking things up with a new $600 5G smartphone. Meanwhile, Pinterest and Zoom are set to make waves with their initial public offerings. In agriculture, U.S. soybean exports to China are on the rise for the first time in months, highlighting a shift in trade dynamics. The significance of these developments could reshape discussions between the two nations. Plus, China's strategic soybean purchases might be a move to ease tensions in ongoing trade negotiations.
AI Snips
Chapters
Transcript
Episode notes
Huawei's Aggressive 5G Smartphone Pricing
- Huawei plans to release a $600 5G smartphone this year, half the price analysts predicted.
- They aim to offer $300 5G smartphones by next year, undercutting competitors like Apple and Samsung.
Pinterest's IPO Pricing
- Pinterest priced its IPO shares at $19, exceeding its initial range of $15-$17.
- This pricing still represents a down round, falling short of the company's last funding valuation.
Zoom's IPO and Decacorn Status
- Zoom priced its IPO shares at $36, exceeding its projected $33-$35 range.
- This valuation could push Zoom into "Decacorn" territory, reserved for startups valued over $10 billion.