Figma, a San Francisco-based provider of product design software for businesses, has raised $200 million in Series E funding at a $10 billion valuation, Bloomberg reports . The new financing, led by Durable Capital Partners, increases the company’s valuation fivefold. Morgan Stanley and Sequoia Capital also participated in the deal. Figma had previously raised $133 million in total VC funding...
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The Briefing Asia Markets
Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
Tech Stocks Fall as New Covid Variant Leads to Market Sell-Off
Quarterly Results From Meituan and Pinduoduo Highlight Challenges for China Tech
China’s Government Asks Didi Global to Devise Plan to Delist From U.S.
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