Shein sees its profits fall by 40 % / Bytedance crosses $ 400 billion / Special Edition Agriculture Fair

Shein sees his profits fall by 40 % in 2024, complicating his iPo

According to the Financial Times, Shein recorded a drop of almost 40 % of its net profit in 2024, to around 1 billion dollars, against 4.8 billion initially planned. Despite a 19 % increase in turnover at $ 38 billion, the Fast Fashion giant is struggling to counter TEMU competition and the increase in logistics costs. However, in France, Shein has established itself as the fashion brand generating the most expenses, with an increase of 58 % of its sales over a year. According to Philippe Wahl, CEO of La Poste, Shein and Temu represented at the end of 2024 almost 22 % of the processed packages, surpassing Amazon. At the same time, the European Commission has opened an investigation into possible offenses in consumer protection rules. This regulatory pressure, combined with new American taxes on its imports, risks delaying its IPO in London, whose valuation could be revised downwards to $ 30 billion against that reached during its last financing round (66 billion dollars).

Bytedance crosses $ 400 billion even though SoftBank dismisses Tiktok US from its evaluation

Bytedance sees its valuation climbing beyond $ 400 billioncarried by Softbank, Fidelity and T. Rowe Price. A valuation which anticipates a possible banishment of the American market, Softbank having reviewed his methodology in Assigning zero value to Tiktok American activities! Forecasts of growth and development of AIespecially via the chatbot Doubao and its 75 million active users would have convinced analysts of the group shareholders.

Alibaba has 53 billion on AI to catch up

Following its results that we announced to you last week, Alibaba will invest more than 380 billion yuan ($ 53 billion) over three years in AI infrastructure, including data centers, to strengthen its position in the ‘ artificial intelligence. This plan exceeds the cumulative investments of the group in AI and Cloud Computing over the last decade. Under the direction of Eddie Wu, Alibaba made general artificial intelligence (AG) its main objective, thus aligning the strategy of American giants in the sector. However, the company remains constrained by American sanctions limiting its access to the most advanced Nvidia fleas. Despite a stock market increase of more than $ 100 billion in 2025, Alibaba is still struggling to recover before the Chinese regulatory repression.

Bybit struck by a 1.5 billion hack and a 4 billion bank run

Bybit has undergone a major attack resulting in a $ 1.5 billion flight and a bank run exceeding 4 billion, bringing the total outings to $ 5.5 billion. The Exchange had to mobilize its reserves and contract a loan to respond to massive withdrawals, accentuated by the temporary closure of the functionality of the SAFE portfolio. CEO Ben Zhou has confirmed that the incident, awarded to the Lazarus group, an organization of cybercriminals, is still the subject of a survey, especially on a potential flaw in the Safe wallets. Faced with the scale of the flight, Bybit asked the authorities of Singapore and collaborated with blockchain experts, even evoking the controversial idea of ​​an Ethereum rollback to recover the stolen funds.

Amazon’s good deals by investing in Anthropic

Amazon’s investment in Anthropic has gained value, going from 8 to 14 billion dollars at the end of 2024. This leap of 75 % on paper represents a gain of $ 6 billion For the cloud giant, which has invested 8 billion in the AI ​​startup since 2023 via convertible bonds. A double boon for Amazon which, in addition to funding, provides Anthropic the IA fleas and rents its cloud infrastructure.

Apple deactivates its advanced encryption in the United Kingdom in the face of government requirements

Cupertino yields under pressure from the British government and announces the abolition of theAdvanced Data Protection (ADP)which guaranteed a end -to -end encryption of iCloud data. London demands, for its part, the integration of a stolen door To access user data, a request to which Apple has always opposed firmly. The Cupertino firm refuses to compromise the security of its services, but prefers to deactivate ADP rather than submit to this injunction. It remains to be seen whether this decision will be enough to appease the British authorities or if it will open the way to a legal escalation.

+ The Frenchweb.fr club

Debrief of the summit of action on AI with Yann Lechelle: Europe in the face of its contradictions

THE Summit on action for artificial intelligence confirmed what many observers anticipated: the United States largely dominate the race for AIChina advances at its own pace with a centralized approach, and Europe, although presents, still struggles to structure a coherent response to these powers. Behind the discourse and the financial commitments announced, the tensions are clearly emerging, and the risk of seeing Europe remain a simple captive market for innovations from elsewhere is becoming more and more tangible.

To talk about it we receive this week in the Frenchweb club in partnership with Canalchat, Yann Lechelle, CEO of probabl A startup which presents itself as “with an industrial and digital sovereignty mission” and Spinoff de l’Inria.

📺 Watch the video of the Frenchweb club

Special Edition Agriculture Salon

AGTECH in Europe: a changing sector in the face of the withdrawal of corporate ventures

• Do you know ROBOVIVISION? This Belgian Agtech which industrializes AI in agricultural robotics
• Do you know Beeguard? Artificial intelligence at the service of the preservation of bees
• Do you know Senseen, the startup that monitors culture health thanks to a miniature scanner?
• Do you know weekends, the startup that optimizes irrigation thanks to artificial intelligence?
• Do you know Foodpilot The startup that digitizes the environmental traceability of the food industry?
• Do you know javelin, the Deeptech that digitizes grains storage?
• Do you know Seederal and its 100 % electric tractor?
• Do you know Aisprid? Robotics and AI at the service of greenhouse agriculture

💡 Find more than 60 tech startups on The Agritech space from the 2025 agricultural fair which is held until Sunday March 2, 2025

+ Fundraising

Fullenrich raises 1.85 million euros to optimize commercial intelligence

• • 73 thongs lifts $ 55 million to transform the valuation of alternative assets with AI
  • Food security: Spore.bio raises 22 million euros for instant detection of contaminants
  • € 1.7M for Ochhy: when the AI ​​makes the smartphone the new runner coach
  • Cycloid raises 5 million euros to automate the devops and simplify the multicloud

🥐 previous edition of the Good Morning Frenchweb:

• • The Fortune floor tax triggers the ire of Paul Midy / Amazon exceeds Walmart for the 1st time / At Meta, the executives double their bonus, in the middle of a social level.
  • Aldebaran in danger / Microsoft unveils Majorana 1 / The fundraising to follow
  • After Cédric Siré, Michèle Benzeno leaves Webedia / Axeptio acquires adopt / terminus for Humane
  • OPENAI prepares its response / Adwanted aims at the stock market / TSS acquires Dolist
  • Meta ready to challenge Trump in the face of EU / Amazon sanctions accused by Italy of tax evasion / Brevo displays strong growth

🚀 To read on Frenchweb.fr:

• • The agreement between France and Fluidstack for a 10 billion supercomputer questions
  • Majoranas to a quantum computer of one million qubits: Microsoft opens a new era
  • Adwanted Group is continuing its external growth strategy with the online iPO.
  • TSSS acquires Dolist and strengthens its expertise in Marketing Automation
  • Xi Jinping plays appeasement with Chinese tech giants: turn or illusion?
  • AI Act European: Europe inspires America, despite Washington
  • Brevo has strong growth and invests 50 million euros in AI over 5 years.