TOP 5 STOCKS TO WATCHOUT:-
1.#ALI EXPRESS :- Online retailer AliExpress Russia on Wednesday said an initial public offering was a possible step for the company, which reported gross merchandise volume (GMV) of $3 billion for the 2020-21 financial year.
A joint venture launched in 2019 with China's Alibaba and Russian partners, AliExpress Russia operates domestic and cross-border sales.
The company said it now has 29.1 million monthly active users on its online marketplace.
AliExpress Russia did not give a comparison for total GMV, which stood at 229.3 billion roubles ($2.96 billion) for the year to March 31. GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.
The COVID-19 pandemic gave a boost to Russia's e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.
The company said an IPO was a possible step, but that such a decision was one for its shareholders.
"There are no specific plans for the dates - it may be next year or later," AliExpress Russia said.
CEO Dmitry Sergeev said the company's cross-border business grew in line with Russia's total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.
2.#GOOGLE- Google research manager Samy Bengio said on Tuesday he was resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.
Though at least two Google engineers had earlier resigned to protest the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile employee yet to depart.
Google confirmed Bengio's resignation and his email. Bengio did not respond to requests for comment. Bloomberg earlier reported the news.
A distinguished scientist at Google, Bengio spent about 14 years at the company and was among its first employees involved in a decade-old project known as Google Brain that advanced algorithms crucial to the functioning of various modern AI systems.
Andrew Ng, an early Brain member who now runs software startup Landing AI, said Bengio "has been instrumental to moving forward AI technology and ethics." Another founding member, Jeff Dean, now oversees Google's thousands of researchers.
Google Brain researcher Sara Hooker in a tweet described Bengio's departure as "a huge loss for Google."
In the internal email Bengio had sent, he said he decided to leave Google to pursue "other exciting opportunities" and that his last day would be April 28.
Google fired staff scientist Margaret Mitchell in February after alleging she transferred electronic files out of the company. It fired fellow researcher Gebru in December after she threatened to quit rather than retract a paper.
1.#ALI EXPRESS :- Online retailer AliExpress Russia on Wednesday said an initial public offering was a possible step for the company, which reported gross merchandise volume (GMV) of $3 billion for the 2020-21 financial year.
A joint venture launched in 2019 with China's Alibaba and Russian partners, AliExpress Russia operates domestic and cross-border sales.
The company said it now has 29.1 million monthly active users on its online marketplace.
AliExpress Russia did not give a comparison for total GMV, which stood at 229.3 billion roubles ($2.96 billion) for the year to March 31. GMV for its domestic business was up 151% year-on-year at 54.9 billion roubles, the company said.
The COVID-19 pandemic gave a boost to Russia's e-commerce sector as health restrictions kept consumers at home, but AliExpress Russia, which depends on cross-border transactions for more than three quarters of its business, was slower to see the benefit as supply chains adjusted to new travel restrictions.
The company said an IPO was a possible step, but that such a decision was one for its shareholders.
"There are no specific plans for the dates - it may be next year or later," AliExpress Russia said.
CEO Dmitry Sergeev said the company's cross-border business grew in line with Russia's total e-commerce market, which analysts from market research firm Euromonitor put at almost 40% in 2020, and that its domestic business was growing ahead of the market.
2.#GOOGLE- Google research manager Samy Bengio said on Tuesday he was resigning, according to an internal email seen by Reuters, in a blow to the Alphabet Inc unit after the firings of his colleagues who questioned paper review and diversity practices.
Though at least two Google engineers had earlier resigned to protest the dismissal of artificial intelligence (AI) researcher Timnit Gebru, Bengio is the highest-profile employee yet to depart.
Google confirmed Bengio's resignation and his email. Bengio did not respond to requests for comment. Bloomberg earlier reported the news.
A distinguished scientist at Google, Bengio spent about 14 years at the company and was among its first employees involved in a decade-old project known as Google Brain that advanced algorithms crucial to the functioning of various modern AI systems.
Andrew Ng, an early Brain member who now runs software startup Landing AI, said Bengio "has been instrumental to moving forward AI technology and ethics." Another founding member, Jeff Dean, now oversees Google's thousands of researchers.
Google Brain researcher Sara Hooker in a tweet described Bengio's departure as "a huge loss for Google."
In the internal email Bengio had sent, he said he decided to leave Google to pursue "other exciting opportunities" and that his last day would be April 28.
Google fired staff scientist Margaret Mitchell in February after alleging she transferred electronic files out of the company. It fired fellow researcher Gebru in December after she threatened to quit rather than retract a paper.