Walmart is investing an additional $320 million in a Chinese grocery-delivery service to combat tech giants such as Alibaba in China’s hypermarket space. The U.S. retailer is raising its stake in the logistics company, known as Dada-JD Daojia, to 10% after a prior investment of $50 million in 2016, Walmart said in a statement. The move comes as Alibaba and Tencent invest in hypermarkets...
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The Relationship Model Is Killing Venture Capital
The social and racial homogeneity of the venture capital industry has long been a source of frustration for entrepreneurs and investors alike. In recent years, this frustration has boiled over into a full-fledged movement, with a growing chorus of voices arguing that venture capitalists are destroying value by overlooking founders from swaths of the population including women, people of color...
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