Airbnb said late Tuesday that revenue in the third quarter rose 29% from the year-ago quarter, to $2.9 billion, as demand for booking on the platform remained strong and new hosts increasingly turned to Airbnb to supplement their income amidst the economic downturn. The home rental company also posted its highest net income in a single quarter, totaling $1.2 billion, up 46% from the same period...
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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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