Chinese online retailer JD.com is deepening its push into healthcare, raising $830 million from private equity firm Hillhouse. JD.com’s healthcare unit, JD Health, had already raised $1 billion and will use the money to broaden its pharmacy supply chain. The Covid-19 epidemic has accelerated trends to move medicine online in China, where there’s a shortage of doctors to treat a rapidly aging...
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The Briefing Enterprise Markets
Twitter’s New CEO Gets Thumbs-Down From Wall Street
It seems Jack Dorsey’s abrupt departure as CEO of Twitter was welcome news to the company’s long-suffering shareholders—until it wasn’t. A 10% uplift in Twitter shares that was triggered by the initial headline evaporated shortly after Twitter identified his successor as Chief Technology Officer Parag Agrawal. Talk about going from the devil you know to the one you don’t! Twitter shares ended...
China’s Government Proposes Rules to Protect Ride-Hailing Drivers’ Rights
Hashicorp Sets Pricing Range Valuing it at $13.5 Billion
Clearlake Capital Group Acquiring Quest Software for $5.4 Billion
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