Chinese grocery delivery startup Missfresh tells employees it has run out of money; Missfresh was valued at $3B after raising ~$300M in its June 2021 IPO
Financial Times : Tweets: @johnaglionby , @robinwigg , @caseynewton , @ron_miller , and @muradahmed Tweets: John Aglionby / @johnaglionby : ‘Our operations are in big trouble’. Understatment of the y...
After a peak of $248M in February, daily trading volumes of NFTs on OpenSea fell 80% to ~$50M in March; average price of a Bored Ape NFT fell 44% since Feb. 24
Internet collectibles ranging from cartoon apes to artsy doodles have plunged in value as real-world conflict … Tweets: @germanotes , @muradahmed , @jeffnolan , @adamsamson , @carnage4life , @_inpract...
Report: VC funding in China for e-commerce, edtech, and social startups fell in 2021, but jumped for semiconductors, robotics, and other hard tech
Ryan McMorrow / Financial Times : Tweets: @muradahmed Tweets: Murad Ahmed / @muradahmed : VC money was one flowing into China's consumer tech start ups. Now its fleeing and heading to “hard tech” lea...