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China’s Baidu in Talks to Raise $2 Billion for Biotech Venture

By Juro Osawa
· · Source: Reuters

Chinese search provider Baidu is in talks with investors to raise as much as $2 billion for a biotechnology venture it plans to back, Reuters reported. Baidu founder Robin Li has been involved in the project, but the company is unlikely to own a controlling stake in the venture, Reuters said. Instead, Baidu is trying to find other investors to help fund the business. The venture, whose name...

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Katzenberg May Shut Down Quibi as Options Run Short
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Katzenberg May Shut Down Quibi as Options Run Short
By Tom Dotan and Jessica Toonkel
Jeffrey Katzenberg may be nearing the end of the road with his mobile video streaming service Quibi.
Quibi to Shutter in Stunning End to Ambitious Venture
Quibi to Shutter in Stunning End to Ambitious Venture
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Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.
Who Could Lead CNN if Zucker Leaves
Who Could Lead CNN if Zucker Leaves
By Jessica Toonkel
As WarnerMedia CEO Jason Kilar overhauls the media firm to make it more digitally savvy and consumer focused, he is expected to zero in on its news and sports business, particularly CNN, for a shakeup, according to people familiar with the situation.
The Investors Who Face Big Losses From the Quibi Collapse
Exclusive Venture Capital Startups
The Investors Who Face Big Losses From the Quibi Collapse
By Tom Dotan and Jessica Toonkel
On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago.
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
The Briefing
Quibi’s Short Life and Sudden Death: The Information’s Tech Briefing
By The Information Staff
The sudden death of Quibi, the short-form video streaming service launched by Hollywood veteran Jeffrey Katzenberg six months ago, is sure to generate plenty of “I-told-you-so’s” from people in the entertainment and tech industries.
Airbnb Taps Jony Ive for Design Help
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Airbnb Taps Jony Ive for Design Help
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Airbnb has hired famed former Apple designer Jony Ive as a creative consultant ahead of its initial public offering, CEO Brian Chesky said Wednesday.