A billion dollars may seem to be a big bet, but unicorn status for years has helped young companies attract employees and media attention, as well as offer founders runway to pursue new ideas and cachet with potential partners.
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.
A well-respected analyst with a background in the tech and media industries, Evans will be tasked with providing “analysis, insight and recommendations” for new technologies and markets that offer opportunities for the EF company builder model and to support future EF cohorts.
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.
Bitcoin and cryptocurrency regulation has been pushed into the limelight over recent weeks, thanks to social media giant Facebook's high profile plans to launch its own potential rival to bitcoin sometime next year.
The IPC Media Pension Scheme has appointed BlackRock as its fiduciary manager to look after assets of around ÂŁ600m
Philippe Laffont’s hedge fund Coatue Management has reportedly returned 5% in July and is ahead approximately 22% for the year through the end of last month, largely by riding the recent gains in technology stocks. Last month was the sixth monthly gain of 2017 for the company’s flagship fund, according to a Bloomberg article. The long/short fund focuses on technology, media and telecom investments and has around $8 billion in assets. Coatue’s performance, while far ahead of the typical hedge fund’s returns (HFR’s HFRX Global Hedge Fund Index is up +3.51% through the end of July), roughly mirrors the 21%...
<p data-reactid="40">SoftBank Group Corp, a prolific investor in global technology startups, reported a sharp rise in quarterly profits and said it would be interested in parking funds in ride-hailing firms Uber Technologies or Lyft Inc in the future.</p> <p data-reactid="41">This is the first time Softbank has publicly indicated an interest in Uber, after having so far put funds into its rival Grab in Southeast Asia and China's Didi Chuxing. Last month, a media report said Uber shareholders and its board were mulling a stock sale to SoftBank and other investors.</p>
Emerson Collective, the organization founded and run by Laurene Powell Jobs, has agreed to acquire majority ownership of The Atlantic. The acquisition includes its flagship magazine, digital properties, live events business, and consulting services.