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Asia Venture Capital

Kai-fu Lee’s Sinovation Raises $500 Million for New Fund

Sinovation Ventures, a leading Chinese venture capital firm founded by Google China’s former president Kai-fu Lee, raised $500 million for its new fund, according to the firm. The new fund is by far the largest dollar fund the firm has raised. In total, Sinovation Ventures manages $1.7 billion now. Founded in 2009, Sinovation Ventures has more than 300 companies in its portfolio, with a focus on...

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DoorDash, Airbnb Face Wary Investors in Plans to Go Public

Casper Sleep’s nightmare of a public market debut earlier this month has demonstrated that investor skepticism toward money-losing tech companies persisted into 2020. And that raises questions for several high-profile tech names contemplating going public this year, including two of the most highly valued, Airbnb and DoorDash.

Unless they can demonstrate a reversal of 2019 trends and turn ...

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