Apple is under fire from a growing list of companies, ranging from small, indie developers to tech giants, that claim the iPhone-maker’s App Store policies are draconian and anti-competitive. Microsoft added its name to the chorus on Thursday, with its president Brad Smith saying at a conference that mobile app stores make it harder to compete than Microsoft’s Windows platform did when it was...
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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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