Brick-and-mortar Amazon stores may soon be coming to a town near you, The Wall Street Journal reported Thursday. The internet retailer reportedly plans to open multiple large physical retail stores around the U.S., where it will sell clothing, home goods, electronics and other items, many of which will be from Amazon’s growing array of private-label brands. According to The Journal, Amazon is...
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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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