Autonomous vehicle technology firm Luminar plans to go public via a merger with blank-check company Gores Metropoulos. Luminar makes a spinning laser sensor called LiDAR, or light detection and ranging, which enables self-driving cars to measure how far they are from other cars and pedestrians. The Luminar deal is the latest in a spate of acquisitions by SPACs, or special purpose acquisition...
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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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