Neil Shen, the billionaire venture capitalists who heads Sequoia Capital China, has sold as much as $215 million in shares of Pinduoduo, Meituan and Dada Nexus, Chinese e-commerce apps hit by the government’s crackdown on tech, the Financial Times reported. The report said Shen sold about $30 million in shares of Pinduoduo, a discount shopping app that has seen its share price fall by half...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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