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Online Grocery Apps Dingdong Maicai and Missfresh File for U.S. IPOs

Chinese online grocery apps Dingdong Maicai and Missfresh have filed to list shares in the U.S., as China’s tech giants fight for a slice of the country’s vast market. Previously, Sequoia Capital China-backed Dingdong Maicai has raised some $1.45 billion in private funding and was valued at $2 billion after its last round, while Tencent-baked Missfresh has raised some $2.16 billion and is...

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VC Firm Torch Capital Raises Second $200 Million Fund
Torch Capital founder Jon Keidan. Photo courtesy of Torch
Torch Capital, an early-stage venture firm, raised $200 million for its second fund, The Information is first to report. The New York-based firm, which has $400 million in assets under management, has backed startups including investing platform Acorns, real estate company Compass and salad chain Sweetgreen. Its creator economy investments include Kyra, a video content studio that connects...
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Bill Gurley in 2019. Photo by Bloomberg
Exclusive
Good Eggs Cuts Its Valuation 94% in Lifeline Financing as More Startups Get Desperate
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Block chairman and co founder Jack Dorsey. Photo by Getty
markets
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SpaceX CEO Elon Musk last August. Photo by Bloomberg
Exclusive startups electric vehicles
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Art by Clark Miller.
Market Research e-commerce culture
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Art by Clark Miller
Surreal Estate real estate
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Art by Clark Miller.
Caffeinated Capitalists venture capital
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