Hot on the heels of cryptocurrency trading platform Coinbase’s massive public listing, its VC backer Andreessen Horowitz is planning its largest crypto fund yet. The firm, which expects to earn an estimated $10 billion from its Coinbase investment, has set a target of up to $1 billion for the new fund, according to a Financial Times report . Andreessen Horowitz raised its first fund dedicated...
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Amazon’s Roads to Nowhere
For months, residents of Margo Drive, a narrow residential street on the outskirts of Charlotte, N.C., have puzzled over this question: Why do gigantic semitrucks hauling cargo for Amazon keep rumbling down their one-lane, dead-end road? While Amazon has a warehouse nearby that opened late last year, its entrance is located through an impassable thicket of trees about 613 feet away from the end...
Didi Considers Going Private to Appease Beijing, Compensate Investors
SoftBank Selling $2.1 Billion of Uber Stake
China Seeks to Calm Investors After Policy Triggers Market Rout
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Sequoia Capital vs. Hillhouse: Inside China’s Fiercest Investor Rivalry
Last fall, Sequoia Capital China, the Silicon Valley VC firm’s affiliate led by investor Neil Shen, pledged to invest $400 million in a new funding round for Full Truck Alliance, China’s “Uber for trucks.” Days later, Zhang Lei, the rival head of private-equity giant Hillhouse Capital Group, flew to Nanjing, met Full Truck’s CEO over dinner and arranged a $110 million investment in the same round, according to a person familiar with the matter.