Quarterly car sales fell in China as a shortage of chips squeezed supply in the world’s biggest auto market, The Wall Street Journal said. The report said sales fell 17% in the quarter ending September. The global chip shortage worsened in the third quarter as Covid-19 surged in Southeast Asian countries such as Malaysia, impacting the testing and manufacturing of the chips used in...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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