The hype around Web3 has attracted some of the biggest names in venture capital, including Andreessen Horowitz and Tiger Global. Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web3.
<p class="Paragraph-paragraph-2Bgue ArticleBody-para-TD_9x">Sweden's home computer drive, and concurrent early investment in internet connectivity, help explain why its capital Stockholm has become such rich soil for startups, birthing and incubating the likes of Spotify, Skype, and Klarna.</p>
Chinese digital media outlet Jiemian announced the completion of a series C round with a total financing of more than RMB500 million (US$71.7 million), and its valuation has increased significantly compared with before. Investors in this round include strategic investors such as China Internet Investment Fund and Shanghai Xuhui State-owned Assets Investment (Group) Co., Ltd. [...] Chinese Digital Media Outlet Jiemian Raises $71M In Series C Round comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.
Southeast Asia would one of the world's fastest-growing areas for online commerce thanks to a youthful population increasingly comfortable with smartphones.
The U.S.-China trade war could lead to a technological split between Asia and America that could benefit investors, James Coulter, the co-chief executive of private equity firm TPG Capital, said.
The elite research center at the Massachusetts Institute of Technology, where hundreds of graduate and undergraduate students study tech topics, is in turmoil. It was revealed that its director, Joichi Ito, had ties to Jeffrey Epstein, who had given money to the lab and to Mr. Ito's own venture capital funds.
Chinese internet giant Tencent Holdings is looking to increase its bets on Indian technology companies, at a time when its home market is seeing a slowdown in venture capital investments.
A Chinese app that does just about everything has found strong demand for its shares, bucking the trend of recent tech IPOs. This suggests there's still healthy interest in buying into China's fast-developing internet economy.
Ma Huateng, chairman of China Internet heavyweight Tencent, has for the first time become the wealthiest person in all of Asia. It is also the first time he has ranked no. 1 in China.
It isn't common for venture capitalists in India to worry about losing their jobs. Lately, however, that's changed. Ever since a top-rung fund manager at one of the country's largest venture capital shops was shown the door--his investments, a gaggle of mostly consumer Internet bets, haven't performed as well as the firm would have liked--the local brotherhood of venture capitalists has been on the edge.