Tencent is the lead investor in online education startup Udemy, showing how some cross-border deals are still happening despite the shadow of U.S.-China tensions. The Chinese social network and games giant took part in a round of funding that raised $50 million for the San Francisco-based startup, which was valued at $3.25 billion before the new investments, according to Bloomberg. Tencent...
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Logistics Startup Next Trucking Tries to Sell Itself
Sequoia Capital–backed logistics startup Next Trucking, facing a slowdown in the trucking sector, is trying to sell itself, according to people familiar with the matter and a pitch deck reviewed by The Information. Next has enlisted the help of BG Strategic Advisors, a Florida-based boutique investment bank specializing in transportation and logistics mergers and acquisitions, according...
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