MissFresh, a Chinese online grocery startup backed by Tencent, has completed its latest funding round raising $495 million, Bloomberg reported. China International Capital Corp. led the investment round, which also included the asset management arm of Goldman Sachs, Tiger Global and other investors, according to Bloomberg. Even though the coronavirus pandemic has created challenges for China’s...
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The Briefing
Internet Outages, Verizon and Value: The Information’s Tech Briefing
If you’re on the East Coast, you might have experienced the internet outage this morning that played havoc with Zoom calls, Gmail and other everyday working tools. Unlike previous outages, this wasn’t caused by a cloud provider like AWS or a specific application like Slack but by Verizon, which owned up to a “fiber cut” in Brooklyn. It’s a reminder of the critical...
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