Revenue at Shopee, Sea’s e-commerce division, grew by 35.8% last quarter, yet the division’s cost of revenue rose by 43.2% over the same period; Sea blamed “an increase in logistics costs as orders volume grew.”
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Instead, the crypto industry has mostly pivoted to pure financial projects centered around stablecoins and tokenization, or offering blockchain-wrapped versions of other financial assets. Even stalwart crypto investors are pivoting. Kyle Samani, the cofounder of the venture outfit Multicoin Capital, stepped away from his company in February and said he would focus on investing in other sectors in tech. And the crypto VC firm Paradigm, founded by Sequoia and Coinbase alumni, is raising as much as $1.5 billion for a new fund whose focus includes crypto but also AI and robotics, the Wall Street Journal recently reported. A spokesperson for Paradigm declined to comment.
xAI 又一名创始人离职：要睡够 8 小时
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