Jidu, the electric vehicle unit of Chinese search provider Baidu, just got more money. Jidu said in a statement that it has raised $400 million from its parent Baidu and Chinese automaker Geely, a strategic partner that will manufacture Jidu’s cars. The investment comes as Baidu, whose once-dominant position in China’s internet and digital advertising industries has declined over the past...
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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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