China’s market regulator said it has launched an investigation into Alibaba on the e-commerce giant’s “suspected monopolistic practices,” in one of Beijing’s biggest moves to increase its control over the country’s most powerful tech companies. China’s State Administration for Market Regulation, a business standards regulator, announced the investigation in a brief one-sentence statement on...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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