Facebook’s vice president of global partnerships, Marne Levine, has been appointed the company’s chief business officer, a new position that encompasses both Facebook’s advertising business overseen by outgoing chief revenue officer David Fischer and Levine’s existing partnerships team. Facebook Chief Operating Officer Sheryl Sandberg announced the news internally Thursday, after The...
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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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