Chinese video site Bilibili had a disappointing debut on the Hong Kong stock exchange Monday, as the stock closed below its initial public offering price. Bilibili’s weak performance on its first day of trading, which came after the Nasdaq-listed company completed its $2.6 billion secondary offering in Hong Kong, could raise concerns for many other privately-held Chinese tech companies that...
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My Life's Work Startups
As a Kid, Samantha John Recoiled From Videogames. Now She’s Teaching Kids to Code Them
This is “My Life’s Work,” a series about the unique life experiences that influenced the careers of tech founders and executives. Interviews have been edited and condensed for clarity. For the past decade, Samantha John, 35, and her co-founder, Jocelyn Leavitt, have been helping kids learn to code. Their app, Hopscotch, teaches children programming as they create their own...
Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze
Zendesk Agrees to $10.2 billion Buyout Months After Rejecting Higher Bid
Meta Plans To Shut Down CrowdTangle Tool
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Opinion Venture Capital
What Venture Investors Get Wrong About China
For two decades, investors in China’s venture capital firms have looked for partners with an instinct for the “new economy.” And for two decades, the firms have posted high-flying returns primarily driven by winners in this fiercely competitive arena—including upstarts in budget appliances (Xiaomi), social media (ByteDance), ride hailing (Didi) and food delivery (Meituan)—that seemed to validate that approach.