South Africa’s Naspers plans to sell $10 billion worth of shares in Tencent to raise money for other investments, it said on Thursday. This is the first time Naspers is selling shares in Tencent since it made its original $32 million investment in the Chinese social media giant in 2001. That investment turned into a home run. Naspers remains Tencent’s biggest shareholder even after the sale,...
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Screentime Venture Capital
Screentime: Venture Founder Li Jin Has Downloaded More ‘Ghost Apps’ Than She Cares to Count
Once dubbed the “it girl” of venture capital, Li Jin seems to always be in the loop. With her first fund, Atelier Ventures, Jin was one of the earliest investors to bet big on online creators and influencers, advising the likes of YouTuber Hank Green and investing in Substack and Patreon. She’s now a co-founder of Variant Fund, an early-stage crypto fund, while also writing a...
Klarna to Raise Cash at $6.5 Billion Valuation in Dramatic Down Round
Amazon Secures UK Broadcast Rights for Lucrative European Soccer Games
China’s Tencent, ByteDance Implement New Round of Layoffs
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