Buy now, pay later provider Affirm on Thursday reported a 77% year-over-year revenue gain to $361 million in its fiscal second quarter. The company has raised its revenue projection for its fiscal year and expects it will grow as much as 50% year-over-year to $1.3 billion, up from the 43% growth Affirm previously anticipated. Despite the company’s higher projected revenue growth, Affirm’s...
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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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