The Chinese government has asked Didi Global’s executives to delist the ride-hailing company from the U.S. stock market, Bloomberg reported, citing people familiar with the matter. The Cyberspace Administration of China, the country’s top internet regulator, has directed Didi to draw up a delisting plan and work out the details, according to Bloomberg. Possible scenarios include privatization...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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