China’s market regulator said Tesla would address a safety issue in 285,520 vehicles in China by updating its software, in a move that the regulator described as a “recall.” China’s State Administration for Market Regulation said in a statement Saturday that the vehicles’ cruise-control system could be activated accidentally and result in sudden acceleration. The regulator said that the recall...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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