China plans new measures to encourage venture capital into its tech sector, including letting investors set up yuan funds; 2023 VC investment fell 7% to $69.9B
Foster Wong / Bloomberg : X: @kylebrussell X: Kyle Russell / @kylebrussell : VC in China is like the speech about being a modern woman in Barbie “You have to invest in the best but they can't be SEEN...
Meta reports Q3 revenue up 23% YoY to $34.15B, net income up 164% YoY to $11.58B, and family daily active people up 7% YoY to 3.14B for September 2023
that's what the Ray Ban glasses are for Ryan Deffenbaugh / Investor's Business Daily : Meta Earnings Crushed Targets. Why Is The Stock Falling Anyway? Yuvraj Malik / Reuters : Facebook-parent Meta bea...
Bitcoin fell to under $18K on Saturday, below its $19,511 high during its 2017 bull cycle, as ether dropped below $1K; both are down 70%+ since November 2021
what this means Robert Reich / The Guardian : The Crypto Crash: all Ponzi schemes topple eventually Hudson Lockett / Financial Times : Celsius warns it will ‘take time’ to stabilise as bitcoin hovers ...
Profile of the note-taking startup Roam Research, which has raised $9M at $200M valuation from Patrick and John Collison, True Ventures, Lux Capital, others
The shift to remote work has buoyed the valuations of several startups making productivity tools. Tweets: @caseynewton , @roamhacker , @alex , @alex , @kateclarktweets , @sumanthr , @mg , @amir , @jgu...
Cambricon, a Chinese AI chip developer, raises $100M Series A led by Chuangye Investment Management, with Alibaba arm, Lenovo Capital, and others participating
Pan Yue / China Money Network : Tweets: @kylebrussell Tweets: Kyle Russell / @kylebrussell : It's fun to remember that even with all of the crypto excitement/bubble talk, there's ANOTHER tech wave co...
Meteor, a startup that provides tools for developing mobile and web apps using Javascript, raises $20M led by Matrix Partners
Kyle Russell / TechCrunch :
Yet-to-launch marketplace Jet raises $140M, at a valuation of nearly $600M; round led by Bain; new investors include Google Ventures, Goldman Sachs
Now All It Has To Do Is Launch Hiroko Tabuchi / New York Times : Jet.com Gets Investment That Values It at $600 Million Dylan Tweney / VentureBeat : Jet.com secures a $600M valuation — before it's eve...